All Forum Posts by: Greg Junge

@Lindsay Favazza

I self managed my properties for 3 years or so but I switched to using a property manager and glad I did. Self managing was good to learn how the business works but for me, I don't want to be bogged down with tenant inquiries or re-renting properties. My time is worth more than that personally.

I gladly pay my property manager to deal with everything and use their systems that they have in place instead of me trying to reinvent the wheel.

I can easily make that 10% plus any fees by not wasting my time with tenant calls and focusing on other businesses and acquiring more properties.

That's just my take on it since I've lived on both sides of the coin.

Thanks @joseph and @Carolyn for your input.

Hi everyone! This is great information on Jacksonville and I just got back from there yesterday on a scouting trip for buy and hold, long term rentals.  I'm looking to buy new builds and would like your opinion on some addresses if you'd be so kind.  I'm mainly just wondering about neighborhoods, and if it's a B class, C class, etc.  Any help would be appreciated.

1) 8400 Oden Ave. Jacksonville, Fl 32216

2) 8778 Kaye Ln. Jacksonville, Fl 32244 

These two I found on DR Horton's website for new builds:

1) 2446 Sotterley Ln. Jacksonville, Fl 32220

2) 7148 Cotton Bend Ct. Jacksonville, Fl 32220 

Again, thanks for the help and any information would be helpful.
- Greg

People who don't play the game, watch others score goals.

@Joe Splitrock well said! It depends on what kind of investor you are, but I'll gladly pay a slight premium for speed and to cash flow day one.

If your handy or a contractor then use your skills, of you want to use your time also. I'd rather leverage other people's time and speed up my purchasing and cash flow like Joe mentioned.

Different strokes for different folks right?

Happy investing!

@Maugno M. @Jay Hinrichs

Jay nailed it, sell it for cash since the price is pretty low. This is a good lesson on the different types of financing and how terms of the deal are just as import as the offer price.

Best of luck man!

@Shital Thakkar Thanks for posting this information. Living in Phoenix, I know that Maricopa County here is growing very rapidly and people are moving here in large numbers. Housing prices are still high and most SFH's won't pencil out, but if you can find a good value add MF opportunity, that's a good play right now.

Also, I'm looking into the Tampa and Orlando markets for OOS investing, because they too have god numbers when it comes to in migration, employment, etc.  Are you investing in any areas with turnkey, or in cities from that list you posted?

@Shital Thakkar great point about employment! Also, what's your exit strategy? I was looking in Memphis for a while but I decided against it because it seemed like your only option to sell it to another investor, and not on the retail market. That concerned me.

@William Collins That's a horrible story and bad experience. I hope you get it resolved easily from this point on.

I've always wondered when people only invest where they live. If it's not a landlord friendly state like Connecticut, why invest there? I understand it's not easy being an put of state owner but it would be easier with property management in place, landlord friendly state, and less to deal with.

I live in a landlord friendly state and invest in Arizona, but looking to invest in Florida, which is also landlord friendly. Just asking but what's the appeal of investing in your backyard if the state laws allow stuff like this?

Just my opinion anyway. Best of luck resolving this and please keep us up to date.

@Dmitriy Fomichenko I have heard Dmitriy on a handful of podcasts and he knows his stuff when it comes to this. I opened a Sdira with checkbook control using someone else, and it's been fine. But there are rules you need to know. Ask questions before you jump in, you must understand the rules of the games before you play.

Ask Dmitriy questions and go from there.