All Forum Posts by: Mushfiq S.

For all the New Investors entering the Jacksonville market. Other than having low volume investors as your competition there are the Local and National Turn Key Companies. As stated above the Jacksonville market is plagued with tax and nuisance liens on the inventory and if you think this is only on the low end properties , it's not. These turn key companies have acquisition personnel on board or working from home calling owners and other property sources daily. They pinpoint the properties that fit into their acquisition model and send out the offers. Properties with liens, most of the time are passed on unless the ROI has a great margin. With the new Fed tax plan being finalized, I can only imagine that this type of investing will increase. Here in the Bay Area, California and Vegas I get investors asking about the Southeast market. Most wanting to park some cash in R.E using a turn key provider because it's passive/hands off.

The new investor should be vigilant in your quest for your 1st or 2nd property. Remember that the big companies have a "model" that these properties have to fit in, you must be flexible and be able to find value where others can't or won't.

I've done entity filings in other states and have registered my local entity as a foreign entity in another state (although I've never done an entity conversion).  In my experience, it was easiest to do it yourself.  You can just call the SOS yourself to ask any questions.

Otherwise, @Scott Hildebrand may be able to help?