Rental Property Investor from Jacksonville, FLPREVIOUS POSTWhy I sold Cleveland.If you're a real estate podcast junkie like me, you definitely have noticed the clear shift towards real estate syndication in the multi-family space over the last couple of years especially.As deals became harder to find in single family and smaller multis across much of the desirable markets,the allure of pooling investor funds to acquire larger assets became a sort of self-fulfilling prophecy.Books that were mostly hurriedly written flooded the market pimping the upsides of this strategy.The argument for was simple and convincing:it is better to own 1% of a large deal than 0% of no deal.Personally,I could not help but notice that the popularity of the idea coincided with the rise of real estate crowdfunding.The likes of Realty Shares and Realty Mogul raised a bajillion dollars practically overnight making it very easy for everyday real estate aficionados to own small bites of a mega deal in rural Tennessee at the click of a mouse.A few of my friends experimented with the crowd-funding route, tossing $5000 into this debt offer and $10,000 into that equity offering.These punts yielded mixed results anecdotally, as an equal number seemed to have great experiences to share as did absolute nightmares.To be fair, no real estate niche is 100% fail-safe or iron clad.Money has been lost in a large single family portfolio as well as a personally purchased medium sized apartment complex.It is also certainly true that in the end, every investor will run out of money to invest in more properties if they decide to go it alone trying to rapidly scale up their portfolio, and real estate is most assuredly a team sport at all levels.

I'm not doing too much in Florida these days, just lightly involved (hands off as an LP) in a multifamily property in Jacksonville. 

Jacksonville does not have a large federal employee base.  

Hi @Annette Barnett, I’m familiar with many markets, on top of being a realtor, I run an investing group and we buy all over the map.A few bigger cities that consistently hit that cash-flow + appreciation sweet spot are Indy, Columbus, Memphis, Detroit, and parts of Jacksonville.

Hey Alana,Yeah, you’re not imagining it — a lot of STR markets have softened this year, especially in vacation-heavy areas like Jacksonville.

Why not look at the Jacksonville market?

We've bought 150 units in Jacksonville and still own 51 units.

We are property managers in Jacksonville, Florida and certain parts of Jax do really well for short term rentals.

@Travis TimmonsWe still use the BRRRR strategy in Jacksonville, FL.

I have just been trying to work in the Tampa and Jacksonville areas because I was told that they are good wholesale markets.