Investor · Jacksonville, FL · Member since 2019 · 12 posts · 12 votes
Fellow Investors, Contractors, Realtors, Brokers and everyone interested in the current market. Three months ago, I had made a bold decision to permanently move out of California and come to Jacksonville, Fl seeking opportunities and like-minded people. After doing my research and analyzing this market, I fell in love with the possibilities and cannot fully express my excitement to be here.
There are multiple topics discussing the uncertainty and the upcoming collapse, however my opinion differs in terms of investing. To me, the market is always unpredictable, yet by acquiring the right investments and doing proper due diligence and research, one would never lose in the long term. Furthermore, I believe Jacksonville is one of the places people would start moving in to in massive numbers. I have already met so many people out of state in here, especially New York. The trend would continue on as the online work place keeps developing.
I would like to keep this post short and simply ask for anyone interested in connecting, exchanging knowledge, providing resources to please share a response or DM me. I will be extremely happy to speak or meet with any local Real Estate Pro.
Investor · Jacksonville Beach, FL | NYC | Tamarindo Costa Rica · Member since 2014 · 182 posts · 130 votes
6y
@Reese Peterson Jax is a growing metro, significantly. That will only continue with people looking to move out of the more crowded cities. I'm sure there are several of them around the US, but it is one of the ideal places for someone looking to move who wants to work 100% remote - relatively low home/rent prices, no state income tax, nice weather, good traffic/road infrastructure, access to the beach, plenty of arts and activities, etc.
The risk is in the property you choose to invest in, not the market you choose. You can get burned in any market, and be successful in any market.
I live in California but I am very interested in investing in Jacksonville Fl. However I am not sure how risky it is to invest out of State in Jacksonville Fl in the current economy. As more people start to work remotely for their jobs, the rental market there could be declining. by "right investments", are you looking for something that appreciates in the long term? I'd love to connect with you and other like-minded investors, thanks!
Investor · Jacksonville Beach, FL | NYC | Tamarindo Costa Rica · Member since 2014 · 182 posts · 130 votes
6y
@Reese Peterson Jax is a growing metro, significantly. That will only continue with people looking to move out of the more crowded cities. I'm sure there are several of them around the US, but it is one of the ideal places for someone looking to move who wants to work 100% remote - relatively low home/rent prices, no state income tax, nice weather, good traffic/road infrastructure, access to the beach, plenty of arts and activities, etc.
The risk is in the property you choose to invest in, not the market you choose. You can get burned in any market, and be successful in any market.
Real Estate Broker · Jacksonville, FL · Member since 2015 · 96 posts · 31 votes
6y
Good AM and welcome to Duval Samvel. I relocated back to Jax from NC 10-years ago, it was one of the best decisions of my life. Why? I came back to my hometown of Jacksonville, Florida to invest in Real Estate! My wife and I own a dozen rentals, I’ve flipped another 2-dozen and sold over +150 homes. The Jax and surrounding area market has continually appreciated with great job growth, diversified employment industries and no state income taxes! Easy follow up question... Isn’t this a very wise place to buy rentals??? Lastly, I’m a Licensed Real Estate Broker that’s happy to engage with with Buyers & Sellers in the residential market and I love helping Investors build a solid portfolio!
Specialist · Jacksonville, FL · Member since 2015 · 63 posts · 17 votes
6y
@Samvel Gevorgyan 100% I couldn’t be more excited about Jacksonville, FL. We have the housing, jobs, and geographic infrastructure primed for growth! I’ll be in touch.
Investor · Jacksonville, FL · Member since 2015 · 504 posts · 217 votes
6y
I agree with everyone! I have been local since 1975 and have 29 years USPS and also invest here in Duval, Clay, St John's and Bradford Counties. We buy land and tax deeds and do live in rehabs later rented.
@Samvel Gevorgyan I moved here from Orlando for school but also saw the potential to invest in this area Orlando May have all the theme parks but after a while many would be tired of the traffic I like Jacksonville for how vast it is, my only problem is figuring out where to start investing here.
Rental Property Investor · Orlando, FL · Member since 2015 · 353 posts · 269 votes
6y
@Samvel Gevorgyan hello. I invest in Jacksonville, along with areas further south along the Space Coast. Own a couple duplexes in Southwest Jax that do pretty well for us. Good luck with your investing journey!
Rental Property Investor · San Jose, CA · Member since 2015 · 83 posts · 44 votes
6y
@Samvel Gevorgyan I also invest in the west and south sides of Jacksonville. Being OOS, it took a lot of conversations with locals and people who knew the market before picking areas to target. Do that and you'll start to understand the city better in no time!
Investor · Jacksonville, FL · Member since 2019 · 12 posts · 12 votes
6y
Hey there, Reese! My decision to move to Jacksonville was actully based on the exact logic you are laying out. It is true that people are starting to primarily work online, which would be the biggest driver of the future economy. Now, let me ask you a question, why would a working professional want to stay in an extremely overpriced city such as LA, NY, SF, or Miami having to pay ridiculous rents and not being able to purchase their own house. I am talking about the middle class here. Those who make up to 75k-85k a year. This is the easiest time for people to move because not only work is online, but a lot of people are receiving government support regardless of their status. As a matter of fact, many are collecting their unemployment benefits in expensive parts of the country and moving to inexpensive ones, thus making markets such as Jacksonville, Fl flourish and grow. I believe there would be a decline in prices, however not in the B-, C, C- class properties which could be rented out easily with minimal vacancies and at even slightly higher prices due to upcoming overflow of demand. The time to invest is now while everyone is waiting and not taking action.Sorry for long comment, I have so much on my mind, DM me if you'd like to connect and potentially invest out of state.Originally posted by @Reese Peterson:
Hi Samvel,
I live in California but I am very interested in investing in Jacksonville Fl. However I am not sure how risky it is to invest out of State in Jacksonville Fl in the current economy. As more people start to work remotely for their jobs, the rental market there could be declining. by "right investments", are you looking for something that appreciates in the long term? I'd love to connect with you and other like-minded investors, thanks!
@Samvel Gevorgyan I also invest in the west and south sides of Jacksonville. Being OOS, it took a lot of conversations with locals and people who knew the market before picking areas to target. Do that and you'll start to understand the city better in no time!
Investor · Jacksonville, FL · Member since 2019 · 12 posts · 12 votes
6y
Very well said, my friend. I see huge potential in this market. Every day I meet people who came here from different parts of US for more opportunities and better lifestyle 🇺🇸.
@Reese Peterson Jax is a growing metro, significantly. That will only continue with people looking to move out of the more crowded cities. I'm sure there are several of them around the US, but it is one of the ideal places for someone looking to move who wants to work 100% remote - relatively low home/rent prices, no state income tax, nice weather, good traffic/road infrastructure, access to the beach, plenty of arts and activities, etc.
The risk is in the property you choose to invest in, not the market you choose. You can get burned in any market, and be successful in any market.
Good AM and welcome to Duval Samvel. I relocated back to Jax from NC 10-years ago, it was one of the best decisions of my life. Why? I came back to my hometown of Jacksonville, Florida to invest in Real Estate! My wife and I own a dozen rentals, I’ve flipped another 2-dozen and sold over +150 homes. The Jax and surrounding area market has continually appreciated with great job growth, diversified employment industries and no state income taxes! Easy follow up question... Isn’t this a very wise place to buy rentals??? Lastly, I’m a Licensed Real Estate Broker that’s happy to engage with with Buyers & Sellers in the residential market and I love helping Investors build a solid portfolio!
Hey there, Reese! My decision to move to Jacksonville was actully based on the exact logic you are laying out. It is true that people are starting to primarily work online, which would be the biggest driver of the future economy. Now, let me ask you a question, why would a working professional want to stay in an extremely overpriced city such as LA, NY, SF, or Miami having to pay ridiculous rents and not being able to purchase their own house. I am talking about the middle class here. Those who make up to 75k-85k a year. This is the easiest time for people to move because not only work is online, but a lot of people are receiving government support regardless of their status. As a matter of fact, many are collecting their unemployment benefits in expensive parts of the country and moving to inexpensive ones, thus making markets such as Jacksonville, Fl flourish and grow. I believe there would be a decline in prices, however not in the B-, C, C- class properties which could be rented out easily with minimal vacancies and at even slightly higher prices due to upcoming overflow of demand. The time to invest is now while everyone is waiting and not taking action.Sorry for long comment, I have so much on my mind, DM me if you'd like to connect and potentially invest out of state.Originally posted by @Reese Peterson:
Hi Samvel,
I live in California but I am very interested in investing in Jacksonville Fl. However I am not sure how risky it is to invest out of State in Jacksonville Fl in the current economy. As more people start to work remotely for their jobs, the rental market there could be declining. by "right investments", are you looking for something that appreciates in the long term? I'd love to connect with you and other like-minded investors, thanks!
@Samvel Gevorgyan: yeah its so difficult for middle class beginners to get in RE without financial help from family, in orange county even if you get in you will probably be making negative cash flow in the beginning. I am however stuck here because of my family and job. I totally agree with you that the best time to invest is probably now, although I'd really like to visit Jacksonville after the travel restrictions are eased to get a feel of the city in person. until then let's connected and wish you success in your investments!