Goals for 2016/2017!
Thought I would post this to make it official and "hold my feet to the fire" or some other applicable cliche. I'm in the process of selling and 1031ing 350k of equity from another state and buying multi family in Jacksonville. Finding nice stuff with cap rates of 6 that I feel are speculative at this stage of the cycle, but feel comfortable buying higher cap in lesser neighborhoods, except the northwest. I love single story CBS type places. My goal is to acquire 1.5 million in RE that grosses 200k annually. I'm finding deals that may allow this in 32210 and 32211, but the acquisition process in onerous. Wish me luck!!