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Updated almost 3 years ago on . Most recent reply

User Stats

6
Posts
11
Votes
Leah N.
11
Votes |
6
Posts

Jacksonville FL market...still viable?

Leah N.
Posted

I've been perusing BP for a while but today is my first post. Awesome community!

Living out of state but considering starting my RE investing in the Jacksonville FL market (family lives in the NE FL area and could check on property, etc) as a turnkey property as I work full time and have limited time outside of work due to family constraints. Is this still a viable market for rentals if looking more for CoC returns?

I've heard JWB is one of the major players there, but some of the recent reviews on BP are a little concerning. Anyone do a deal with them recently? Experience?

Open to any other recommended TK providers in that area as well...Thanks!!

Most Popular Reply

User Stats

21
Posts
15
Votes
Jeff Grove
  • Lender
  • Tampa, FL
15
Votes |
21
Posts
Jeff Grove
  • Lender
  • Tampa, FL
Replied

Actually, I have a way we can all get a feel for neighborhoods or parts of a metro area that might better than others...In the Tampa market, this is a pretty good representation. I'm constantly looking at low/moderate census tracts because working for a bank, we earn CRA credit when people purchase in these areas. The link below will show you a map of the US. You can zoom in to whatever area you want to look at. Basically, anything in dark purple are your lowest income areas. The light shade purple is a moderate income area. Anything that isn't purple is either 'middle' or 'upper' income areas. Perhaps you can use it as a tool to cross-reference any additional research you're doing...Let us know if this represents your area pretty well or not...

https://www.policymap.com/embedmap_dyn?lqid=59216

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