All Forum Posts by: Nikki Nakamoto

Hi Nick, me and my husband are new to the investing world as well and currently looking for our first deal whether St. Augustine or Jacksonville. I grew up in St. Augustine and much more familiar with the area, but see more potential in Jax (with lower price points).

@Frank Patalano our original idea was to house hack but St. Augustine has been growing and getting more expensive by the day, and living on one income we don’t have deep enough pockets (most multi family seem to be beachside). We considered it in Jacksonville too but currently only looking on mls and the areas are too shady to live with kids especially while my husband is gone for a full 24 hours. 

I really appreciate you starting this post

@Frank Patalano for me it the fear of the unknown. We are currently living on my husbands income (firefighter) since our kids were born (almost 3 and almost 1) without extra money to save each month. We have our primary residence under contract right now in order to get out our equity/savings. Looking to downsize our residence and hopefully BRRRR an additional home. Just nervous for how the kids will adjust, making sure not to spend too much on our residence and trying to figure out how to find off market, discounted rentals. We currently live in St. Augustine and will be moving one town north to Jacksonville, FL where the opportunities for better cash flow and cheaper homes are

@Jack Bobeck thank you so for  the insight and sharing your knowledge with me. We are actually looking for 2 houses to start with, one to live in and one as a rental. Definitely prefer Murray Hill to live in and then search the surrounding areas for the rental. We are really just trying to get a grasp of all the new knowledge we are getting. The thought of flipping for our first investment is a little scary but looking to dive in soon, if we find the right deal. Thanks again.     

@Carolyn Morales it definitely doesn’t have to be that area, have just heard good things and liked the closeness to downtown, walkability, and historic feel. Seems like a good place that would be more enticing to rent in then some of the other areas in Jacksonville. We are open to searching around though, especially still this will be our first deal. 

Thank you for your input Mark!

Hi BP community! Me and my husband (and 2 small kids) are looking to invest in our first deal, preferrably Murray Hill/Lakeshore area of Jacksonville Florida and trying not to get stuck in analysis paralysis. Looking to buy and hold or BRRRR, but it seems like the area is already saturated with investors doing the same and also flipping. Do you think it would be best to search a different area or does that seem like a positive that other investors are targeting that area as well? Also having a hard time determining an ARV since the neighbor is gentrifying and some streets are better/worse than others. Appreciate any input and help.