Investing in Jacksonville FL

[Michael Myers]

I live in Jacksonville, Florida and am looking to invest into real estate in Jacksonville in the very near future. We're talking maybe early next year. The only thing stopping me right now is credit. I have a 603. Down payment is something that isn't much of a problem because I'm able to save a lot and fast. I work for the United States Postal Service and I get lots of overtime. We're talking 60 to 80 hours a week. I only spend my money on eating out and necessity bills like rent obviously.

Anyways, I'm getting off topic. I plan on getting my very first investment property once my credit gets near a 700 and I'm looking to do it in Jacksonville, Florida. My question is what kind of strategy should I go for. I was thinking of going for rental properties but maybe not with the Brrrr strategy because of the potential upcoming refinancing fee. The cost of living in Jacksonville is very cheap (assuming that does affect the amount of return you can make) in majority of the area but there is a lot of area to invest in because the city is so big and there are nearby cities with a slightly higher cost of living like St John's and Fleming Island.

I feel like I still have a lot of figuring out to do

[James Bailey]

@Michael Myers welcome to the party! If you have any questions, don't be shy. This community is a great resource.