Maybe this is why big time investors and money men are flocking to Florida.
Brian, the local market specialist in Jacksonville, Florida shares encouraging data about the city’s job market, pro-business and pro-landlord stance. He also speaks to how the city meets his 5 fundamentals of investing which are jobs, population growth, affordability, desirability and a healthy supply and demand. The State of Florida offers asset protection and has no income tax for its residents.
Key Takeaways:
[2:11] Brian has 17 years of experience buying distressed housing and providing turnkey investments.
[5:06] Why invest in Jacksonville? Consider these facts, figures and the 5 fundamentals.
[9:02] Jacksonville has received high rankings from the Business Journal, and Forbes has ranked Jacksonville #3 in the U.S. for employment.
[12:19] Every 8-10 years, real estate markets in the US go through the boom, slump, and recovery cycle.
[15:20] The humble single family home is a great device for mitigating risk, this is an example of a typical deal.
[18:07] The City of Jacksonville has a pro-business and pro-landlord environment.
[20:11] The process of rehabbing involves a full renovation before the property is rented out.
[24:50] Jacksonville is currently a buyer’s market. Your investment must have a minimum of 3-5 years before planning your exit strategy.
Mentioned in This Episode:
Tweetables:
“What towns come to mind when you consider investing in Florida? Jacksonville has its advantages.”
“Solid management is critical to the sustainability of the investment.”