All Forum Posts by: Carlos Asuaje

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! 

Hey Javis,

I think the first and most important thing to handle is the credit situation. If you are in a better spot now, financially, then when covid hit, this rental might be more valuable then just the $400/mo cash flow. The monthly payments on the property are helping your credit out! So it might help to think about it as a$400/mo property + a vehicle to help your credit get back to where it needs to be (which could jumpstart your investing much more then "a better property")

If you're in need of cash, then maybe sell it and take care of number 1 (yourself) first, but IMO this property sounds like a pretty great investment as is...

I think a good bit of advice is first to not tell everyone on the internet how much cash you have at your disposal (just for security purposes) 

Aside from that, I think a partnership would be your best option for high ROI and learning opportunity. Cash purchases can be great, but learning about how to leverage debt is more valuable/important when starting out then anything else