Thu, 7 April 2016
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.
[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.