Looking for low risk investment in Jacksonville, FL

Looking for low risk investment in Jacksonville, FL

Walnut Creek, CA · Member since 2015 · 5 posts · 0 votes
I am an investor, living in NYC looking to invest in Jacksonville, FL. The east coast is not a good option for me right now. I invest in 3bd /2 ba homes in my home country in areas which I am very familiar with. I would like to make my first investment in the US and Jacksonville looks like a good option. My main goal is to have a very low risk property. I am not chasing insane returns or appreciation. A solid 6% ROI with steady, albeit slow, appreciation. I do not want to invest in low income or sketchy areas at all - even if the numbers are excellent. Since I am an out of town investor, I don't feel comfortable with investing in a 3bd / 2 bath homes because of the maintenance and management requieed. I am looking for a condo in a property with several units where there is some sort of home owners association which will make it easier to manage from a distane. (I will strongly consoder hiring a property manager as well.) Any advice regarding areas or is Jacksonville not the place for me, given my goals.
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  • Walnut Creek, CA · Member since 2015 · 5 posts · 0 votes
    9y
    Sorry about the numerous typos. I don't see the option to edit my post.
  • Real Estate Investor · Miami, FL · Member since 2013 · 474 posts · 214 votes
    9y

    You should definitely be able to find what you're looking for. What is the price range you're aiming for and do you expect to pay cash or have a loan?

  • Walnut Creek, CA · Member since 2015 · 5 posts · 0 votes
    9y
    I was hoping to get away under $100k, but I would rather pay more than go for a risky deal. I haven't made up my mind on how I will finance it.
  • Real Estate Agent · Jacksonville, FL · Member since 2017 · 43 posts · 19 votes
    9y

    Hi @Stephan Coetzee. I agree with Maxwell. You can certainly find a condo in Jacksonville, FL under $100k. 

  • Real Estate Lender · Jacksonville, FL · Member since 2014 · 21 posts · 3 votes
    9y

    Have you considered any turnkey providers in Jax?  They can get you a fully renovated house, manage it, and get returns over 6%.  If you want more info, PM me

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