Updated about 1 month ago on . Most recent reply
Looking for connections in Jacksonville
Hi There - I know I connected with a few folks, but looking to expand my network in Jacksonville as I look to invest. Neighborhoods, strategies, etc.
Looking for buy/hold properties (either SFH or duplex/triplex).
I was speaking to a business contact yesterday and he has about a dozen homes in the Jacksonville market. His approach was to purchase in lower income homes with average rent of $1000 with most paid off. Thoughts around that approach in the Jacksonville Market?
Anyways looking to build a solid network of folks in the area.
Thanks!
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#3 Tax, SDIRAs & Cost Segregation Contributor
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#3 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- New York, NY
You are likely looking at a home in the 32254, 32208, 32206 or 32209 zip codes if you are talking about lower income homes.
You can definitely make it work there. You likely have to find a good property management company and contractor to make it work. There are a lot of professionals who will not work in those areas because they are deemed rougher.
Best of luck to investing in Jacksonville.
- Basit Siddiqi
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- 917-280-8544
