New to RE Investing looking for best area to buy 1st property

4 Replies

New to this world of RE investing and I'm looking for some insight on where to buy my 1st property. I live in CA but i'm looking to invest out of state due to high entry price for me. I have been considering Jacksonville, fl because I have some family there I can leverage. Which area or zip codes I should be looking at in Jacksonville and which area should i stay away from? I am looking at SFR and a buy and hold strategy. What other market can I consider other than Jacksonville? Any help I can get is greatly appreciated. Thanks.

Hi Lucious,

Welcome to BP!

I would stay away from the Urban Core area (32206, 32209, 32254, some areas of 32208). You can get reasonable returns and decent tenants on C-class areas such as 32218, parts of 32208, 32205, 33210, 32244, and some areas on the Arlington side of the River.

Just find yourself a great broker with good knowledge of the city.

Good luck!

Thank you Gerardo.

Originally posted by @Gerardo Waisbaum :

Hi Lucious,

Welcome to BP!

I would stay away from the Urban Core area (32206, 32209, 32254, some areas of 32208). You can get reasonable returns and decent tenants on C-class areas such as 32218, parts of 32208, 32205, 33210, 32244, and some areas on the Arlington side of the River.

Just find yourself a great broker with good knowledge of the city.

Good luck!

Thank you Gerardo. I will keep you posted as I traveled this road the first time.  

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