Real estate prices in North Jacksonville were low for a long time.
During that time, I made sure to buy as much real estate as possible.
I started my real estate portfolio by offering cash for houses. I have purchased 26 total properties in North Jacksonville, including several different apartment buildings. I also have three parking lots and one parking structure located downtown. I offer cash for houses, properties, apartment buildings, and even boats. I recently acquired a three-bedroom apartment home in North Jacksonville. The man who owned the apartment building could not afford to make major repairs. The property was badly damaged from termites and had water damage as well. The termite damage alone was a nightmare, and I understood why the 75 year old man didn’t want the trouble. The repairs were going to cost fifty grand and the owner wasn’t ready to sink that much of his savings into the project. The man wanted to sell the apartment building quickly and I was ready with a cash offer. I saw major potential for the three bedroom apartment building. The apartment home is located in an up and coming part of North Jacksonville, near the airport. If I hold on to the property for a couple of years, I will no doubt double or triple the investment. Two of the apartments are currently leased and the third apartment is being rehabilitated now. I am hoping to be able to fetch top dollar for the biggest of the three, especially after all the renovations have been completed.
