All Forum Posts by: Erik H.

Hey Clint,

I like to shoot for double digit cap rates. I weigh out the options and consider the fact that REIT can usually get me a hassle free 10-11%. This doesn't take into consideration hot market holding value increases though.

-An Investment in Knowledge Pays the Best Interest- 

Hey Deepika,

Did a quick search and found some multi family listed in that area.  

1531 Louisiana St, Jacksonville, FL 32209

15501 Shellcracker Rd, Jacksonville, FL 32226

4050 Grant Rd, Jacksonville, FL 32207

Multifamily properties can be mislisted as SF in mls. I come across properties in our system too that have rentable guest suites or guest houses on the same SF listing.  Good deals can be sneaky!

Happy hunting!

Just recently we started imputing investment properties for Jacksonville ( i saw that same forbes article as well). What i can say is that comparing the undervalue properties to other cities, Jacksonville seems to have a large portion of investments far below the ARV. I think there are still good deal on the market but that doesn't mean they are listed very long. I feel finding mis listed, non conforming bedroom, rentable guest suites, or multiple units combined under one SF listing can help beat out the competition in fast moving markets.

Hey Arnell,

Welcome To Bigger Pockets. Bigger Pockets is a great place to network and learn. If your still looking at properties in the jacksonville area here are a couple active listings that might meet your requirements!

8219 Siskin Ave, Jacksonville, FL 32219

2455 Soutel Dr, Jacksonville, FL 32208

9631 Ronnie St, Jacksonville, FL 32208

Good luck with your search!

-An Investment in Knowledge Pays the Best Interest-

Hey Cortney,

Welcome To Bigger Pockets. Power Moves are what it is all about. If your still looking at properties in the jacksonville area here are a couple active listings that might meet your wholesaling requirements!

2455 Soutel Dr, Jacksonville, FL 32208

8219 Siskin Ave, Jacksonville, FL 32219

6121 Collins Rd LOT 48, Jacksonville, FL 32244

Good luck with your search!

-An Investment in Knowledge Pays the Best Interest-

Karen, Greater Margins Will be posting investment specific details on properties from coast to coast.

We really appreciate all the great inquires both posted and emailed!  Originally we had planned to just leave thread open one week but have decided to allow a larger segment for the focus group.  Will keep everyone updated on the timeline and focus group process as we get closer.  Would like to add some additional group diversity with members from Midwestern and Central states.  Feel free to invite friends if you know investors in those areas that would be interest in being part of the early access process.

Thanks Again 

Looking for a key group of individuals to test the new release of our real estate investment search engine and provide honest feedback about the platform. As a beta release we are relying on this first core focus group to help fine tune our search and user experience.

In return for your help, not only will you receive first access to all nationwide investment properties (fix and flip, rental, buy and hold) but will also receive 12 months of premium paid subscription FREE. You help us become better, we help make you more money!

Only a select number of users will be chosen for Greater Margins beta focus group. Reserve your spot today.

Erik Hageman

Founder

Greater Margins

Recently found a deal offering 14 units ( all happen to be split up into 2 bed 1 bath duplexes).  $650 is the max monthly rent for units of that size.  No unit older that 17 years old no newer than 12.  1100 in prop taxes per unit. Prop manager takes half of first month and 10%. Estimating 5% vacancy.  Thoughts on the max purchase price for this scenario?

Thanks for the input,

Erik