Anyone buying in Jacksonville, FL ?

[Deepa Jan]

Hi All,

I am seriously looking at Jacksonville, FL. Anyone else in that actively buying ?

1) I can't find anything that can cashflow. Has it been your finding too ?

2) Any safe zip codes do you recommend ?

Thanks

Deepa

[Gregg Cohen]

Yes, I am!  My company bought 992 properties in Jacksonville last year.  We absolutely believe in this market and you can get positive cash flow.

Existing inventory is definitely tight which is why a large portion of our purchases are in-fill lots.  I love renos and new construction turnkey properties in Jacksonville because you get both cash flow and above-average appreciation.  Most investors have to make a choice between one or the other in your typical cash flow markets.  

Here are the zip codes in Jacksonville we buy the majority of our properties in:

32218, 32208, 32210, 32205, 32244, 32211, 32207

Happy Jacksonville investing!