Jackson, MS long-term buy and hold

[Michael Rost]

Looking to buy single family homes for long-term buy and hold.  The cashflow in the nicer northeast Jackson area is very good.  Almost too good to be true.  Has anybody had success with turnkey type properties in Jackson?  If so, would you recommend it?  Thanks!

[Susan Maneck]

Quote from @Michael Rost:

Appreciate your feedback! I'm looking in the northeast part of Jackson right now.  I'll look into the flood risk and I'm always getting an inspection which includes a foundation check.  

Have you had good success with tenants?

You likely won't get good tenants in the northeast. 39209 is the worst area, followed closely by 39213. Then probably 39204. My properties have usually been in the 39206 and 39212 zip codes which are a mixed bag. I mostly bought properties near where my own home was located in south Jackson. Most of them are in a flood zone, but they didn't flood back in 1979 when most of the city was under water. The best and most expensive areas are 39211 or the Fondren and Bellhaven areas. In the latter two areas you can even do some STR, not with tourists but visiting nurses, etc. I also like the Byram area. It is rather nice, but not as pricey as Madison and Rankin Counties. Clinton is nice as well, but be careful, lots of foundation problems there.