All Forum Posts by: Vincent Foggia

That is a great idea Scott

Chris, 

I appreciate the feedback!

Chris,

Temple was a lot of fun, I graduated from Drexel. It's no surprise you can relate, and thank you for providing your helpful tips! With out the hurdle of living out of state while acquiring the property, I hope to have the same success you had Chris. Once again thank you for your help and would also love to connect!

Appreciate your feedback Paul! That is the common consensus, "JAX having bad pockets everywhere". I lived in Philadelphia for 5 years in college, and I'm originally from NJ. Therefore, when I drive for dollars, the "bad" areas do not look that bad to me in comparison with Philly. However, the JAX resident or those migrating to JAX most likley have a different opinion. I am looking for a distressed quadplex to purchase utilizing an FHA 203k rehab loan, where I would househack, then move out and utilize the buy and hold strategy.

Like you're saying, I think dismissing these sections would lead to missed oppurtunities, because there are areas where I drive that seem fine to me. However, like you are mentioning, there are some streets that look worse than others.

I'd love to connect Paul!

What pockets (specific areas, ex: along moncrief road) in 32206, 32209, 32204, and 32208 should an investor avoid, and why? I know these areas are where crime is higher in Jacksonville, but I'm looking to find out where the armpits of these area codes are.

I appreciate the advice Marc, and no I have not already closed.

I am looking for a licensed contractor who has experience rehabbing an FHA 203k property in the Jacksonville area. If you or anyone in your network knows a great contractor who finishes on time and has the experience I am looking for, I would greatly appreciate it if you could please refer them to me, thank you!

Charles Hafer hosts a meetup every Monday @ 7:00pm. If you go on Meetup.com you can find several meetups such as Glen's Whitey's Fish Camp Meetings, Jerel's Creative Real Estate Groups, and JaxREIA. Good luck Kevin!

I do not have any short term rentals, however I know short term rentals are very popular here in JAX and it seems to be the strategy of choice when I talk to local investors at meet-ups. I haven't heard of any complaints and it seems they all are doing well. I'm sure someone will comment with more relevant information for you. However from who I met, what I read about JAX's STR market, and the lack of complaints I'm hearing about STR's, I would consider it if I was you.

Nathan,

Congratulations on your success. I love to hear about local investors finding success in the market place. Just out of curiosity, how did you finance this deal? Did you do a typical BRRRR where you used cash, did you use syndication, or did you use a hard money lender? @Nathan Gray

From,

Vince Foggia