Saint Marys, GA · Member since 2015 · 26 posts · 4 votes
Hey community,
I have been one of those BP members who signs up but never gets involved, it is time to start venturing out into the online world for advice and encouragement. I work in Jacksonville, FL but live and invest in Camden County, Ga. My focus is on Rental properties and have completed the BRRRR strategy once so for with hopefully many more to come!
Investor · Jacksonville, FL · Member since 2015 · 76 posts · 22 votes
9y
@Patrick Barker There are lots out there in Jax. I like the Arlington area in Jax. Lots of $50-70k rehab homes that needs 10k and appraise around 100k and rent for 900-1100. I have done several myself and 9 this year for a friend/client. He purchased 3 last month.
Investor · Jacksonville, FL · Member since 2015 · 76 posts · 22 votes
9y
@Patrick Barker There are lots out there in Jax. I like the Arlington area in Jax. Lots of $50-70k rehab homes that needs 10k and appraise around 100k and rent for 900-1100. I have done several myself and 9 this year for a friend/client. He purchased 3 last month.
Saint Marys, GA · Member since 2015 · 26 posts · 4 votes
9y
@Amber Koontz I spent about a year and a half listening to podcasts and reading books on real estate while I saved up, once I finally had enough to pull the trigger I jumped in before the fear of taking on such a big project paralyzed me. It wasn't the best investment in the world but I am really happy with it. I have learned an incredible amount by doing most of the reno myself as well as landlord myself, Iv'e learned more in the 6 months of doing than the 18 months of studying!
@Aaron Cooper Thanks for the insight! I have been looking in the Jacksonville area because that is where my wife and I would like to move to in the coming years. Have you held on to any or are they all flips? If so, how has the turnover been and have the tenants been good at paying on time?
Houston, TX · Member since 2015 · 204 posts · 68 votes
9y
@Patrick Barker That timeline's just about in sync with mine. I've listened to podcasts, read books (still), and saved up. I look to acquire a property this year. It's time to make that leap!
Wishing you much success in your real estate career.
I am flipping and holding in the Jacksonville area, but reside in Charlton County. I am in Camden often. If you want to meet up sometime and talk shop, let me know.
Saint Marys, GA · Member since 2015 · 26 posts · 4 votes
9y
@Tony Figurelli I'd love to meet up whenever you venture through Camden, just let me know when you are in town. I also work over by Jax beach so i am able to meet up during the week in Jax as well.
@Amber Koontz I spent about a year and a half listening to podcasts and reading books on real estate while I saved up, once I finally had enough to pull the trigger I jumped in before the fear of taking on such a big project paralyzed me. It wasn't the best investment in the world but I am really happy with it. I have learned an incredible amount by doing most of the reno myself as well as landlord myself, Iv'e learned more in the 6 months of doing than the 18 months of studying!
@Aaron Cooper Thanks for the insight! I have been looking in the Jacksonville area because that is where my wife and I would like to move to in the coming years. Have you held on to any or are they all flips? If so, how has the turnover been and have the tenants been good at paying on time?
personally I only do buy and hold, flips right now are a little too risky for my taste. I have a pm company and we manage about 160 homes we might end up with 1 eviction a year and maybe 1 or 2 people who have to hold back their entire deposit. the market has been very strong and it usually is not hard finding good tenants. as for payments, about 95% pay on time, i have a handful of tenant who seem to always be a little late.
Saint Marys, GA · Member since 2015 · 26 posts · 4 votes
9y
It is encouraging to hear arlington is a good market. People, who aren't in real estate, often tell me arlington isn't a safe area. I would love to start investing in that area if possible sine I work in Jax and Jax beach is where I would like to end up. What are your PM company fees for managing?