Anyone actively buying in Jackson, MS right now?

Flipper/Rehabber · Memphis · Member since 2024 · 1 post · 0 votes

Curious where investors are focusing right now for rentals. I’ve been watching Jackson, MS and seeing some movement in certain areas.

Is anyone actively buying there right now or seeing consistent opportunities?

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

5mo

Quote from @Arman Ahmed:

Quote from @Mike Andrew:

Curious where investors are focusing right now for rentals. I’ve been watching Jackson, MS and seeing some movement in certain areas.

Is anyone actively buying there right now or seeing consistent opportunities?

Jackson can still produce deals, but it’s very market- and block-specific right now, so most investors I know there are being very selective rather than broadly buying. The consistent opportunities usually come from tight local relationships or off-market sourcing, where you can really underwrite condition, insurance, and management risk properly. That’s also why some investors end up comparing it to Midwest markets, where pricing is more transparent, and it’s often easier to find undervalued deals with more predictable rental demand in the right neighborhoods. The main theme right now everywhere is discipline on entry price and expenses, not just chasing movement in a market.

only place i would recommend buyers for jackson is East of 55 and North of lakeland blvd.. or Madison Rankin or parts of Pearl.

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
5mo
I just received a portfolio of about 20 non-performing mortgages in Jackson. That would be foreclosures. If anyone was interested or considering wanting to partner, we could bring in the funds but need local boots on the ground to renovate the properties.
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- Jay HinrichsBusiness Member
  Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
  5mo
  Quote from @Chris Seveney:
  
  I just received a portfolio of about 20 non-performing mortgages in Jackson. That would be foreclosures. If anyone was interested or considering wanting to partner, we could bring in the funds but need local boots on the ground to renovate the properties.
  
  Chris make sure you run that list by me before you do anything. I spent 6 years lending in that market and know it street by street. Uber Caution is required its not like many other markets.. U get in the wrong area of town and your toast.
  Podcast Guest on Show #222
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- Chris SeveneyBusiness Member
  Moderator
  Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
  5mo
  Quote from @Jay Hinrichs:
  
  Quote from @Chris Seveney:
  
  I just received a portfolio of about 20 non-performing mortgages in Jackson. That would be foreclosures. If anyone was interested or considering wanting to partner, we could bring in the funds but need local boots on the ground to renovate the properties.
  
  Chris make sure you run that list by me before you do anything. I spent 6 years lending in that market and know it street by street. Uber Caution is required its not like many other markets.. U get in the wrong area of town and your toast.
  
  These are not in a good area I can already tell by what they paid. The seller is in my mind asking unreasonable price on the NPLs because borrower has a PG on it and is like "you can still collect what you are owed... Yeh, maybe but with a ton of work to get there which I am not going to pay you for my effort....
  Here are approx. locations.
  12xx Marydale Dr
  2xx Holland Avenue
  26xx Key Street
  28xx Revere Street
  28xx Oak Forest Drive
  29xx Fairfill Drive
  29xx Woodside Drive
  33xx Ridgeland Drive
  35xx Rosemeray Ave
  3xx Gueen Julliana Lane
  38xx Camilla Drive
  4xx Springfield Circle
  9xx Woodville Drive
  9xx Westway Street
  37xx Johns Adams Rd
  37xx John Adams Rd
  35xx Ridcrest Drive
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- Jay HinrichsBusiness Member
  Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
  5mo
  Quote from @Chris Seveney:
  
  Quote from @Jay Hinrichs:
  
  Quote from @Chris Seveney:
  
  I just received a portfolio of about 20 non-performing mortgages in Jackson. That would be foreclosures. If anyone was interested or considering wanting to partner, we could bring in the funds but need local boots on the ground to renovate the properties.
  
  Chris make sure you run that list by me before you do anything. I spent 6 years lending in that market and know it street by street. Uber Caution is required its not like many other markets.. U get in the wrong area of town and your toast.
  
  These are not in a good area I can already tell by what they paid. The seller is in my mind asking unreasonable price on the NPLs because borrower has a PG on it and is like "you can still collect what you are owed... Yeh, maybe but with a ton of work to get there which I am not going to pay you for my effort....
  Here are approx. locations.
  12xx Marydale Dr
  2xx Holland Avenue
  26xx Key Street
  28xx Revere Street
  28xx Oak Forest Drive
  29xx Fairfill Drive
  29xx Woodside Drive
  33xx Ridgeland Drive
  35xx Rosemeray Ave
  3xx Gueen Julliana Lane
  38xx Camilla Drive
  4xx Springfield Circle
  9xx Woodville Drive
  9xx Westway Street
  37xx Johns Adams Rd
  37xx John Adams Rd
  35xx Ridcrest Drive
  Chris all those or most all are south Jackson.. could be a few good ones.. but its a failed landlord so you can imagine.. back in the day when I started lending there in 04 my clients were doing retail flps.. then turn key got going and everyone wanted section 8 and then even worse Katrina flooded in New Oreleans finest as sojac was first stop off of 55.
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Arman AhmedPro Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 906 votes
5mo
Quote from @Mike Andrew:

Curious where investors are focusing right now for rentals. I’ve been watching Jackson, MS and seeing some movement in certain areas.

Is anyone actively buying there right now or seeing consistent opportunities?

Jackson can still produce deals, but it’s very market- and block-specific right now, so most investors I know there are being very selective rather than broadly buying. The consistent opportunities usually come from tight local relationships or off-market sourcing, where you can really underwrite condition, insurance, and management risk properly. That’s also why some investors end up comparing it to Midwest markets, where pricing is more transparent, and it’s often easier to find undervalued deals with more predictable rental demand in the right neighborhoods. The main theme right now everywhere is discipline on entry price and expenses, not just chasing movement in a market.
[email protected]614-418-6081
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- Jay HinrichsBusiness Member
  Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
  5mo
  Quote from @Arman Ahmed:
  
  Quote from @Mike Andrew:
  
  Curious where investors are focusing right now for rentals. I’ve been watching Jackson, MS and seeing some movement in certain areas.
  
  Is anyone actively buying there right now or seeing consistent opportunities?
  
  Jackson can still produce deals, but it’s very market- and block-specific right now, so most investors I know there are being very selective rather than broadly buying. The consistent opportunities usually come from tight local relationships or off-market sourcing, where you can really underwrite condition, insurance, and management risk properly. That’s also why some investors end up comparing it to Midwest markets, where pricing is more transparent, and it’s often easier to find undervalued deals with more predictable rental demand in the right neighborhoods. The main theme right now everywhere is discipline on entry price and expenses, not just chasing movement in a market.
  
  only place i would recommend buyers for jackson is East of 55 and North of lakeland blvd.. or Madison Rankin or parts of Pearl.
  Podcast Guest on Show #222
  JLH Capital Partners51 Review
  Website View Page
  1 Reply
Marcus R.
Real Estate Agent · Denver CO · Member since 2019 · 209 posts · 332 votes
5mo
@Mike Andrew My biz partner and I are active in Jackson. We have an extremely small buy box given the challenges of the local market. If you have any leads please message me and let's discuss further.
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