New Investor in Jacksonville FL

[Nate Erez]

Hi everyone,

I'm Nate, I'm a real estate investor from Israel, and I am looking to buy my first rental property in the U.S. I have done my research and decided to invest in Jacksonville FL.

My plan is to start out by purchasing SFHs, in a B/C class (i.e. lower middle to middle class areas) with a budget of 100k (all in) and continue with that tactic after completing the first deal.

Can anyone provide some tips about neighborhoods where my budget will be sufficient?

Any special or unusual RE rules that I should be aware of for Jacksonville or for Florida in general?

What are the best neighborhoods to invest in for buy&hold?

What are the areas that I should stay away from?

I would love to connect with agents and wholesalers who work with investors.

Thank you for your help.

Nate

[Carolyn Morales]

Duval County has 30 residential zip codes. I have 29 years USPS here and have lived here since 1975 within Duval and Clay County. I tell out of area investors to stick to the outer zip codes such as the 322 zip codes that border 320 zip codes by 1 or 2.,  Avoid 32206, 08 ,09, 19 and 54 in the center of Jax and you will have less a problem decifering crime areas. Although some of those zips can have their decent spots. Our properties are or have been in 32210, 32244, 32221in Duval and , 32068, 32073 in Clay. This template is not absolute but in generality stick to outer zip codes. Although some enjoy buying and holding cheap rentals in core zip codes. I do not recommend that for a new investor.  32221 is really growing with  industry building new facilities and all that follows that and new highway and roads all around Cecil Commerce, Normandy, POW MIA PKWY, Brannanfield, New World ave. Sr 23.....lots around ANG and JIA airport in 32218., anything around an Amazon which Jacksonville has 2 so far.

Anything by the Navy bases Mayport and NAS JAX.