General market sentiment for Jacksonville
Hi all,
I am an out of state investor who spent many years in Tallahassee, FL. I know the N Florida area well and have identified Jacksonville as a city with good potential for cash flowing rentals. I have some questions for those who are familiar with and invest in the Jacksonville area.
- What are your thoughts on the current market? There has been a hug influx of folks since COVID and it seems property has appreciated dramatically and the market favors sellers, is this true?
- Do you still see opportunity for quality cash flowing rentals? If so which neighborhoods are up and coming (I hear Avondale and Riverside are favorable)
- Do you foresee any price corrections in the next year?
- Any recommendations for RE agents that work well with investors?
- Any recommendations for property managers that are quality and cost conscious?
- What types of properties do you recommended? Ideally I would get a value add multifamily as I have enough capital and prefer to deal with one property then various SFRs and I can still get a residential loan as long as the property has 4 units or less.
Many thanks for any input!