Buying from an investor in Jacksonville FL

[Charles Terrizzi]

I am about to buy a home from an investor in Jacksonville. I was buying with cash.

It's a newer home and I am confident of the build quality, as I am an hvac contractor and have built homes by hand before. I have also worked in new construction for 15 years, so a building inspection is not necessary. 

I have never bought a home before (built my own on land we bought from family) what risks do I run here? who should I include in the process? I have a friend who is new to real estate, should I use him and pay commission? 

The Title search company protects against liens, but what other problems could a newbie get into?

[Steven W.]

Originally posted by @Charles Terrizzi:

I am about to buy a home from an investor in Jacksonville. I was buying with cash.

It's a newer home and I am confident of the build quality, as I am an hvac contractor and have built homes by hand before. I have also worked in new construction for 15 years, so a building inspection is not necessary. 

I have never bought a home before (built my own on land we bought from family) what risks do I run here? who should I include in the process? I have a friend who is new to real estate, should I use him and pay commission? 

The Title search company protects against liens, but what other problems could a newbie get into?

Charles,

One suggestion would be to call the local police station and ask about the neighborhood. And/or call a property management company in Jax and ask them about their experience with the neighborhood--how well properties rent, quality of tenants, etc.

I'd be a bit cautious about buying my first property in a C- neighborhood, only because the chance for big headaches could be higher, which might put you off RE all together.

Hope that this helps and good luck!

Steven