I am doing some study in JAX and plan to do buy and hold strategy as a out of state investor.
Trying to find local PM and real estate agent who works with out of state investors, would appreciate if anyone can refer.
So far, I am looking into a few properties on west JAX in a small pocket surrounded by 3 highways (90, 10 & 295) in zip code 32220.
Anyone has suggestions on whether this is a good area for rental?
I noticed a large area in west JAX uses septic, wondering if anyone has experience on it. Whether you would avoid it or not.
Can you also suggest good areas for buy and hold?
Most properties if they have septic has Well also. There is no big concern with either. pumps will last for many years and will typically result in lower utility bills which is a plus for tenants. The downside is the pumps require power so unless you have a generator they won't work during s power outage. The septic tank also needs to be pumped about every 7-10 years but that only runs about 300 bucks around here. I have well and septic at my home and a rental not uncommon in rural areas here.
Thanks Nikia, if say the septic leaked, do you have liability on things like environmental damage or health issues?
I invest in JAX and was wondering if you have any people you'd recommend for septic and well work. Inspections, maintenance, etc... A bit about your experience with them would also be helpful!
Hello to the group. I am based out of S. Fla. and have been up to Jax many times the past few months with many hundreds of miles driving various parts of each quadrant of Jax and have first hand knowledge. The advice I can offer is be very careful of where you buy, many areas will never see any appreciation and the issues with distressed properties and tax problems, etc. There are areas where you will start rehab on Monday and Tuesday you will do Mondays work all over again if you understand what I mean and "the list goes on and on" making it a real challenge. It is not impossible but it is definitely not quick and you need considerable time to stay on top of things. Even though I am only a few hours away, I have found it a challenge to keep up myself. (NOTE: I own and operate a small general contracting and restoration company which is very demanding on my time). I found a really great local realtor who has been able to visit some areas/properties and do initial research, etc. and then I drive up once we agree to move forward with an offer.
I wish you all the best of luck and I'm very excited about our personal plans of relocating to Jax within the next 12 months!
@Chris Guccione Thanks for sharing your experience.
Hope you have success investment and happy life in JAX!
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I'm an out of state investor that has recently started buying properties in Jacksonville. I just sent you a message with realtor and PM info.
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