Updated over 13 years ago on . Most recent reply
Getting started in Jacksonville, Florida
Hello!
I'm getting into real estate investing in Jacksonville, Florida.
Bought our first house with my husband in 2010, and got hooked! I've spent the past four years combing the mls listings, and really learning about the market here.
Right now I'm under contract on a 3-unit property, and should close before Christmas. (And spend the holidays painting and laying tile! Woohoo!)
My "strategy" is to buy and hold multi-family properties, primarily for the rental income stream.
Alternatively, I'm also looking at single-family homes I can acquire for less than 30k, and rent out for a few years (still with positive cash flow), then sell when prices have recovered a bit.
The purpose of all this work is financial independence - I want to replace (and exceed) my current job income with rental income.
Also, I'll be doing something I love - owning and rehabbing lovely homes!