All Forum Posts by: Robert Wilson

 East Hill and Downtown Pensacola. Don't go west of Pace Blvd and you should be good 

@Joana Shuckerow congrats on closing that deal in Ocean Springs! Sorry to hear you weren't able to find anything in Pensacola. I actually, wholesale in that market, and come across deals all the time in the surrounding areas. Are you still looking for something in Pensacola?

@Nick Coble hey man welcome to the Gulf Coast. I'm a wholesaler down here, and have been doing it for the 3-4 years now. What areas of Pensacola are you looking in? If I were you, I would focus mainly on the following zip codes for str: 32501,32502,32503,32504,32514. You can certainly do outside of that depending on what time of customer you're wanting to attract. IMO those are the zip codes that will attract vacationers. Are you looking for strs only?

 @Ricardo Hidalgo You left out Pensacola!!! :) I definitely agree with you. All along the Gulf Coast is hot right now, especially with all the retirees moving down here. Pensacola is great because a lot of the real estate here is still "on sale" so to speak. We've worked with a lot of people who move from California, and end up buying 3 investment properties for the price they sold their home for in Cali. 

Hi! Just introducing myself.. I've been a bigger pockets member for a couple years now, but am really starting to get active these days. I wholesale out of Pensacola, and we primarily market to Escambia, Santa Rosa, Okaloosa, Walton, and Bay county. I love connecting with others in my market :) Good luck to everyone, and I look forward to meeting/doing deals with you all in the future!

@Trish Sarfert awesome! way to go!

@Joel Matthews Pensacola is a great market for the BRRRR strategy. In fact, the last property I wholesaled was to a guy who implemented the strategy. It was a townhome that I assigned for $57k (5k assignment fee). He rehabbed for about 25-30k + holding costs = all in cost of about 90-95k. Comps put the property worth about 120k. Market rent should be about 1200. Too make a long story short, there's a lot of investors using this strategy, and there's a lot of properties ripe for picking. Are you a local investor?

Tbh nothing really. It would have to be REALLY bad for me to have a hard pass on something. But tenants that are not on a formal lease or "bad" tenants in general will really make me skittish on pulling the trigger for rentals. 

 ^^^^What he said. Pensacola can go from nice to seedy real quick. I think it's a smart move to stay near the bases and the Perdido area. 

@Cameron Nordin Pensacola loves the military community. Local government works well with the military community, and I think you are wise to look at properties near the base. Overall, your tenant profile would be better compared to some of the other areas in the Pensacola market.