All Forum Posts by: Reese Peterson

Have you lived in both Jacksonville FL and Orange County? I am currently living in orange county. the living expense in Orange County is pretty high so I am wondering if I should move to Jacksonville FL. i've heard that's pretty affordable to live in JAX and the unemployment rate is low, however the climate is not as good as California and overall pay is lower in JAX. if you have lived in both places, what do you like and dislike about Orange County California and Jacksonville FL?

Thanks!

1 Vote

Originally posted by @Samvel Gevorgyan:

Hey there, Reese! My decision to move to Jacksonville was actully based on the exact logic you are laying out. It is true that people are starting to primarily work online, which would be the biggest driver of the future economy. Now, let me ask you a question, why would a working professional want to stay in an extremely overpriced city such as LA, NY, SF, or Miami having to pay ridiculous rents and not being able to purchase their own house. I am talking about the middle class here. Those who make up to 75k-85k a year. This is the easiest time for people to move because not only work is online, but a lot of people are receiving government support regardless of their status. As a matter of fact, many are collecting their unemployment benefits in expensive parts of the country and moving to inexpensive ones, thus making markets such as Jacksonville, Fl flourish and grow. I believe there would be a decline in prices, however not in the B-, C, C- class properties which could be rented out easily with minimal vacancies and at even slightly higher prices due to upcoming overflow of demand. The time to invest is now while everyone is waiting and not taking action.Sorry for long comment, I have so much on my mind, DM me if you'd like to connect and potentially invest out of state.Originally posted by @Reese Peterson:

Hi Samvel,

I live in California but I am very interested in investing in Jacksonville Fl. However I am not sure how risky it is to invest out of State in Jacksonville Fl in the current economy. As more people start to work remotely for their jobs, the rental market there could be declining. by "right investments", are you looking for something that appreciates in the long term? I'd love to connect with you and other like-minded investors, thanks!

@Samvel Gevorgyan: yeah its so difficult for middle class beginners to get in RE without financial help from family, in orange county even if you get in you will probably be making negative cash flow in the beginning. I am however stuck here because of my family and job. I totally agree with you that the best time to invest is probably now, although I'd really like to visit Jacksonville after the travel restrictions are eased to get a feel of the city in person. until then let's connected and wish you success in your investments!

0 Votes

Jacksonville, Florida

Hi Samvel,

3 Votes

Jacksonville, Florida

All Forum Posts by: Reese Peterson

Reese Peterson has started 1 posts and replied 3 times.

Post: living in jacksonville florida or orange county california?

Post: Investor Connections in Jacksonville, Fl

Post: Investor Connections in Jacksonville, Fl