Hi everyone. Im looking to buy property in jacksonville to rehab and hold to rent. What experiences have you had with rehabbing in regards of finding good deals and contractors along with city permit issues or zoning issues if any. Also is there any particular areas that you would recommend in looking at as solid investment with good long term tenants. Any feedback would be greatly appreciated. Thanks
Property Manager · Jacksonville, FL · Member since 2018 · 514 posts · 470 votes
7y
@Anthony Lynch I currently invest in Jacksonville and have done rehabs. I've had great experiences with my contractor and handyman but I know others who have had trouble finding good help. There are plenty of properties that need rehabbing in Jax! As for areas, it depends how much you want to spend and how extensive of a rehab you want to do. Send me a message and we can chat further. Happy to help :)
Hi everyone. Im looking to buy property in jacksonville to rehab and hold to rent. What experiences have you had with rehabbing in regards of finding good deals and contractors along with city permit issues or zoning issues if any. Also is there any particular areas that you would recommend in looking at as solid investment with good long term tenants. Any feedback would be greatly appreciated. Thanks
I dont know Jacksonville very well but I do know a roofer close by. Roofers in Fla. have to be licensed too.
Property Manager · Jacksonville, FL · Member since 2018 · 514 posts · 470 votes
7y
@Anthony Lynch I currently invest in Jacksonville and have done rehabs. I've had great experiences with my contractor and handyman but I know others who have had trouble finding good help. There are plenty of properties that need rehabbing in Jax! As for areas, it depends how much you want to spend and how extensive of a rehab you want to do. Send me a message and we can chat further. Happy to help :)
Rental Property Investor · Jacksonville, FL · Member since 2008 · 784 posts · 528 votes
7y
@Anthony Lynch I have 2 rules of thumb for my work in flips. If I need structural repairs and I am in the Historic District, I will look to use a GC and ask him to leave the dumpster permit out for at least 6 months. If I am only doing simple repairs, I use my handyman.
In a house in Murray Hill, my Contractor buddy quoted me a repair of $47,000 and my handyman and his guys can do the same work for about $25,000. So if you use a Contractor, be ready to have a smaller profit margin as they have a lot more overhead.