Tracking down The highest ROI Investment Houses in Jacksonville
As recognized expert local Jacksonville , Florida investors, we get requests constantly to share some of our secrets to success.
I guess it’s a good thing we like to pay it forward :]
If I had to pick the most popular question of all that we get- I’d say the most popular is, ” How would I find fantastic investment properties in Jacksonville ?””
With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… people are having to get more creative in finding the best deals on great local Jacksonville investment properties.
At Glymph Properties we recognized early on that there is no one right way to find local Jacksonville investment properties. We find our deals directly from owners and indirectly from brokers & wholesalers, our website www.gpsellshomes.com/investment-properties- Jacksonville , classified posting sites, traditional letters/postcards, and from “bird dogs” (acquisition agents).
The info below will walk you through some of the things you can do to find great Jacksonville investment properties to add to your portfolio.
Most investors don’t share their “secrets” because they see everyone as opponents and are afraid that they’ll be used against them by competitors.
That’s not how we operate. Working together with other investors allows us to do things we can’t do along.
We want to improve the quality of investment in Jacksonville , and help to restore the prestige and reduce the stigma associated with investing. We share what we’ve learned and our philosophies in the hope of showing investors the “right way”. Basically, we are all investing in the same places, so it makes sense to do it right.
There’s a few core principles that are important to understand if you want to get the best investment property deals.
First, think long term.
Real estate doesn’t move like the stock market. It’s where people live, work and play – not just numbers on a screen. It’s virtually impossible to make a crazy amount of cash in a short-term real estate deal, those come but they are few and far between.
People have been investing in real estate since the dawn of time, so don’t expect that your “new” approach is going to blow the competition away. Sorry to bust your bubble, but chances are that it’s been tried before and there’s a reason it’s not that prevalent. Thinking long-term means learning from the past to better anticipate the future.
Also, realize that real estate investing is a marathon not a sprint. Being successful as a real estate investor means being steadfast, stubborn, and patient. Don’t be in a hurry to conquer the investing world- It’s going to take time, but if you stick with it you can be more successful than you can imagine.
There’s always more than one way to “skin a cat” so when it comes to being the best Jacksonville real estate investor you can be, having as many property sources as possible is key. Feel free to add our Jacksonville Investment Property Buyers **List** to give yourself as many options as possible. Making money in real estate can really be boiled down to buying property at the right price… We have better than “right” prices!
This is important… Relationships are crucial. You want to find the best Jacksonville investment properties have a great realtionship with local brokers, realtors, lenders, title companies, and investors.
The investment community in Jacksonville is much smaller than most people think.
Most investors don’t realize that there are really only a handful of major wholesalers, brokers, and investors who conduct most of the business in the Jacksonville market.
You may have been in the same boat as most investors and hadn’t realized this, but that’s because the key players usually work with the same people on a regular basis. Unless you have occasion to work with them chances are you’ll never get to see how lucrative their friendship can be. It’s worth the time and effort to find them and learn from them. If you can, work with them. They’re your best source of good deals, now and in the future.
How do you form a relationship with them? Go to your local REIA ( Real Estate Investors Association) and find the people who are active and talk to them. Ask the most active folks there which good ( by good I mean actually have deals priced at wholesale vs retail- there’s a huge difference)wholesalers in the area are active- get their info- and make sure to find out which realtors, and title companies they work with. As a matter of fact- let anyone you meet at the REIA know that you are looking to buy Jacksonville investment properties that fit your criteria- you never know who your next deal is likely to come from. Understanding the age old concept of “it’s not what you know, it’s who you know” can make finding the best Jacksonville deals easy. Relationships are a key factor to getting some of the best deals on Jacksonville investment properties before anyone else has a chance to purchase them.
Who should you form relationships with( Hopefully all the crazy symbols will really make you pay attention ;-))?
– – – The most well known investor friendly Jacksonville real estate brokers- – –
– – -Real estate appraisers who work with properties similar to your ideal properties- – –
– – -The top notch handful of property wholesalers in the area- – –
– – -The top Jacksonville property rehabbers/flippers- – –
– – -Title agents that deal with investment properties a good deal- – –
Third, identify your ideal investment houses.
Investing in Jacksonville is the same as investing in any other city on the planet, you have to be focused. You have to mine your niche- focus on what makes you money. Some people make millions just in parking garages or storage units.
Others are experts in residential rentals, while others deal strictly with retail. If you take the time to do your homework, you can assess the distinct segments of the Jacksonville market to see which opportunities are really the best for you – and not just the best marketed. Once you find exactly what you want to invest in, you can create a plan to find out who currently owns it and make sure that they know to call you when they want to sell that property.
This takes a great deal of work, but it’s a tried-and-true method for creating long-term wealth.
Finally – use technology.
Sign up for our list of exclusive investment properties, and we’ll notify you instantly when we find a great investment. Glymph Properties frequently sources investment properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing and able to invest. There’s other ways to get notified about properties on the open market – you should get familiar with searching the mls with the rest of the herd, because every once in a blue moon a great deal shows up.
We don’t buy any properties that would result in anything resembling an average or below average ROI – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Jacksonville .
If you’re looking to seriously buy investment properties in Jacksonville , we’d love to chat with you to learn your wants, wishes, and objectives.
Hopefully you’ve learned how to find wonderful investment properties in Jacksonville . If you have questions give us a call or join our buyers list below!
Give us a call at 888-509-6267 Ext 3 or fill out the form to get started now.
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We’re happy to help you find answers to your toughest questions about Jacksonville , Florida real estate, so please feel free to call us at 888-509-6267 Ext 3 and chat with us anytime.
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