@Susan Maneck thats great! What classes do you instruct? And How do you like investing in south jackson? Most investors ive dealt with say they stay away from it because it is a “war zone” and really no money
I'm a history professor. The west side is the worst 'war zone.' For SoJo, most parts of 39212 are okay but stay away from 39204.
@Susan Maneck thats great! What classes do you instruct? And How do you like investing in south jackson? Most investors ive dealt with say they stay away from it because it is a “war zone” and really no money
@Susan Maneck thats great! What classes do you instruct? And How do you like investing in south jackson? Most investors ive dealt with say they stay away from it because it is a “war zone” and really no money
I'm a history professor. The west side is the worst 'war zone.' For SoJo, most parts of 39212 are okay but stay away from 39204.
I might add that most of the houses I own are on a street where i used to live myself. I now live two blocks away. You do wholesaling, don't you? That can be hard because most of us who know the area find better deals than wholesalers offer just on HUD or FannieMae. I've only bought one house from a wholesaler.
@Mike Ko no i actually havent. I have lived in my area of mississippi, jackson, all of my life and i am not sure if STR is the way to go due to many variables. Its mire of a LTR market. However, i am interested in STRs
Question Susan. If Jackson has a lot of 2%, why arent people eating it up? A lot Of investors I know do not want to invest in Jackson
Ah, that's not likely to work here. Jackson is not a place you go to vacation nor do we have many temporary workers. I have a property that might be good for that in Lake Tahoe, but there are a lot of restrictions there.
Question Susan. If Jackson has a lot of 2%, why arent people eating it up? A lot Of investors I know do not want to invest in Jackson
It is not an easy place to manage. Most tenants don't have good credit, they don't even have checking accounts! The one tenant I have with a credit score over 600 has a HUD voucher. Also, properties don't easily appreciate here but I suppose if there was more investors they would. I don't recommend out of state people buy here unless they have ties in Mississippi. The rental returns are so good, out-of-state people often don't realize where they are buying and how much it is worth. I would never, for instance, buy in West Jackson but I buy in South Jackson because I've lived here for 16 years and know exactly what I'm doing.
@Susan Maneck ok because I was wondering. I have lived here for 29 years (All my life lol) and I know the area like the back of my hand. I figured that was the case
Just bought my first deal January 2020, a duplex in Belhaven. Spent most of last year learning creative financing. I believe that is my strong suit. I have a great realtor, and just hired my first contractor.. If you want you can reach out, I would love to share what i've learned up to this point. As for anything past "purchasing" my first deal.... well these other seasoned vets would have to take it from there. BUT, I have overcome the newbie fears and worries, and i can speak on that ALL DAY LONG.
@Clarence Harris you scored big time in the Belhaven area. That area is a great place to live here in jackson. Congrats! Im looking at a property myself and I am going to use FHA to finance it if everything goes well (because i live here). However i am interested to know how you used creative financing for your deal
@Mike Ko no i actually havent. I have lived in my area of mississippi, jackson, all of my life and i am not sure if STR is the way to go due to many variables. Its mire of a LTR market. However, i am interested in STRs
I think the only place an STR might be viable in Mississippi would be on the coast.