Jacksonville Investors?Landlords

8 Replies

@Account Closed

 Hi, I have properties in both C & B areas of Jacksonville.  I think with the increase in prices over the last couple of years, that the C areas are higher priced and get somewhat higher rents than similar areas in Indy and Kansas City for example. Price/rent ratios are a little better in those mid-west cities, but JAX is better for appreciation, or at least that is my .02 cents.  Also my properties get 2-3 year leases in JAX, that is much harder to do in those mid-west cities.

Originally posted by @Larry Fried :

@Steven Picker

 Hi, I have properties in both C & B areas of Jacksonville.  I think with the increase in prices over the last couple of years, that the C areas are higher priced and get somewhat higher rents than similar areas in Indy and Kansas City for example. Price/rent ratios are a little better in those mid-west cities, but JAX is better for appreciation, or at least that is my .02 cents.  Also my properties get 2-3 year leases in JAX, that is much harder to do in those mid-west cities.

Hi Larry,

I am looking for properties in Jacksonville. Can you point out the B-class areas that I might focus on. I have properties in Gainesville and am also looking in Tallahassee.

Thanks

Originally posted by @Larry Fried :

@Daria B.

Hi Daria,

I simply don't know all the B areas of Jacksonville, as I work with a turnkey company there that identifies the areas and properties for me.

Ok gotcha, thanks. I assume then you went through the same TK for all your properties.

There are B areas all over town so to identify specific areas is tough.  If you are not local and have not spent many hours driving this largest city in america it is best find a local partner as @Larry Fried has done.  You can find B areas for $50K or B areas for $250K so you need to consider cost, property type, rents, etc.