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All Forum Posts by: Brett Nissen

Brett Nissen has started 7 posts and replied 32 times.

Post: Is it worth investing in Jacksonville Beach?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

@Brendan Nolan give me a call, and I will be happy to discuss the areas I generally invest in

Post: Is it worth investing in Jacksonville Beach?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

I would agree with Ryan as well. It's a great place to live, but returns are very limited. I actually rent my home in Jacksonville Beach, and use my capital to invest in better returning areas of the city. 

Post: Attn: SBA Disaster Loans for Landlords

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

For anyone who is a sole prop/ind contractor (like a real estate agent), and own rentals in their own name (not LLC etc). I spoke to the customer service line and for EIDL they are requesting all revenue/COGS go under the same application and social security number. They are not separating these if filed under the same SSN. I have had several agents reach out to me with this question.

Post: Jacksonville BRRRR investing...which communities?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

@Theo Van Soest Yes I personally invest in these zip codes. Currently own 3 doors in 32205

Post: Jacksonville BRRRR investing...which communities?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

@Shawn Mcenteer ARV is $125k - $175k, not purchase price. Work required varies greatly. "Typical" is $20k-$40k, but the actual range I have seen as of late is $10k-$75k

Post: Jacksonville BRRRR investing...which communities?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

@Shawn Mcenteer A realistic range is $1100 - $1400/mo. If you go on rentometer, zillow, or FB market in areas like Murray Hill, 32211, or other zip codes mentioned above, you will get a feel for rental comps

Post: Jacksonville BRRRR investing...which communities?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

As a local agent and investor, I would have to agree with @Jack Bobeck and Kim. The under $100k loan amounts, would mean ARVs in the $125k range. I have seen the sweet spot for ARV in Jax SFH lately have been in the $125k-$175k range. I work with a good amount of investors, and some advice I would offer is to not shy away from a deal bc it is not a "perfect" BRRR. It is extremely rare to find a perfect BRRR in the zip codes named above, but is leaving $5k-$10k in a deal really that bad? Your cash on cash is still phenomenal.

Post: Triplexes and Quadplexes in Jacksonville?

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

I am a local agent as well, and did a “house hack” with a duplex in Avondale with my first investment property. There are a few areas in Jax that are perfect for the strategy, but it does depend on budget. Feel free to reach out privately, as I can provide more input!

Post: Need Advice for Five Point 32204 Market

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

@Jasmine Hu I think both strategies can be very profitable in the historic district of Jax. I would agree with @Fred Cannon about Murray Hill, as it is a very hot "up and coming" area. There also are a lot of great residential multifamily opportunities in Riverside/Avondale as well! The AC would have to be quoted by an HVAC company, which I have a few I can recommend. Also, I was just working on a triplex deal in Riverside, and JEA stated it would be about $1200 per unit to switch to separate meters. The investor ultimately decided to save that cost for down the road, and just included into his rental costs

Post: Condos in Jacksonville Beach, FL

Brett NissenPosted
  • Real Estate Agent
  • Jacksonville, FL
  • Posts 35
  • Votes 26

Jacksonville as a whole is a very anti short term rental city. Currently Jax Beach does allow short term rentals, but this is constantly being looked at by the local government. Also, keep in mind that most condo HOAs in Jax Beach do not allow leases under 6 months. Not trying to deter you, but would be careful basing a strategy on short term rentals in Jax and Jax Beaches