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Updated almost 3 years ago,
Jacksonville Rental Market for out-of-town investor
Hello everyone. I am a South Florida investor that has 5 properties between fort lauderdale and orlando. I know those markets pretty well but after a wholesaler I trust began sending me properties in the Jacksonville area, I've really become interested in maybe looking up there for my next deal!
I don't know anything about the area but one thing I have noticed is the ridiculously cheap pricing on a lot of deals up there. Is the Jacksonville area up and coming? Or is it just not nice at all and kind of sketchy to invest in? Does anyone have experience in the Crestwood St. area up there (looks to be near city center?)
Also, from your local estimation, is there a strong rental market there? Down south finding renters is like shooting fish in a barrel due to the extremely high home prices. Is it a similar feeling up there or is it difficult to find renters?
Any information would be appreciated, and hey, I'm always looking to partner so if you have a team/experience and are looking for deals in the Jacksonville area, let's connect!