Jacksonville investors... what areas do you like?

[Nicole S.]

Hi Jacksonville investors!

New to investing in Jax. Can you tell me the areas you are having the biggest success in and why? I'm looking for a safe area, with stable renters, and good cashflow. Appreciation is a plus.

I've been advised towards Brentwood and Springfield areas (Just north of downtown). Any locals have feedback on these areas as an investment?

Thanks all!

Nicole

[Jack Bobeck]

@Nicole S. There are always properties available. Having just had properties refinanced in 32205, my appraisers quoted between 90/sq and 130/sq in Murray Hill. Avondale is a bit more expensive, but homes are larger and Riverside is somewhere in between. 

There are always homes available around town. You can get the Just listed or Expired listings from a Realtor for any area and get an idea of what things are selling for or sitting. With 30-year notes available and cheap cash, no matter what the Fed does in 2017/2018, there is no reason to think you cannot find a great property, make it cash flow and see it appreciate. 

Best of luck to you and remember that no one can stop you, but yourself.