Investing out of state; Jacksonville, FL…

[Lucius Acholonu]

I’m currently living in Sacramento, CA and looking to invest in west Jacksonville.  I have been researching areas to invest with lower entry point in terms of capital requirement. I chose Jacksonville due to 1. growth opportunity 2. I heard you can still cash flow in some areas. This will be my first out of state deal so I’m looking for some guidance on areas to focus outside west Jacksonville as well.

Being from out of state, I would also need an investor friendly agent that knows the areas to be successful. If you know any agent that I can work with I would appreciated it. 

I’m also looking for a property management company and a contractor.  Looking to find great group of people that I can work with.

Last but not least if you have someone that invest in the Jacksonville area I can connect with that will be great.

Any referral or resource will be a huge help for me. BTW I’m ready to pick up a property just need resources and team in place. 

Thank you.

Lucius

[Edgar Z Whelan]

 That city has been hot for about 10 years now.  I have bought a couple properties in Jacksonville and have been very happy. Only regret was not buying more when I had the opportunity a few years ago at dirt cheap prices. There is a big migration of people moving to Jacksonville. Plenty of good paying jobs and a very affordable housing market.  That north west area in Jacksonville is going through a growth cycle. Every where you go you will see new construction. Likely opportunity zone money. Rents are also rising. 

In my opinion there is still time to invest in Jacksonville and you can find cash flow properties. Another area that I think will boom is Middleburg in Clay county. 

I found my properties by looking on Nefar the local Real Estate association website. I would recommend just contacting the listing agent directly. And not bothering with a buyers agent. The reason being that way the listing agent can make the double commissions. They will appreciate it.  Like everywhere else there is very little inventory. So deal with the agents that have the inventory. 

There are investor groups in Jacksonville where you can find property managers and contractors very easily. 

Before you invest I would recommend that you visit the area and get a personal feeling. And also enjoy some local bar-b-que.