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Jacksonville Real Estate Forum

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Michael Huang
  • Jacksonville, FL
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27
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Need some advise on area to buy for appreciation

Michael Huang
  • Jacksonville, FL
Posted Nov 11 2016, 16:56

Hi everyone, I am new to Biggerpockets.com. Just finished reading "the book on rental property investing" a month ago and it is now hooked on real estate investing. I have a mortgage now that I am paying 1k/month including insurance and property taxes. My plan is to buy another house and rent this one out. I think my current house would rent around $1500/month. I don't plan on getting any cash flow. I will save the $500 for future repair and vacancy cost.  I am looking to buy a house that I am going to be living in for around 10 years or maybe longer. So I would like to find a place that would have high appreciation in the future. The few neighborhoods I am looking at now is 

Highland Glen
Jax Golf
James Island
Deerwood
Pablo Bay
Hidden Hills
Isle of Palms

I need some opinion on choosing the right community as I am buying for appreciation. I don't play golf. So I don't need much amenities. Thanks in advance.

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