Summary: Jacksonville is a very large coastal city located in the state of Florida. Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Jacksonville is neither predominantly one nor the other.<br> <br> With a population expected to more than DOUBLE over the next 10 years, Jacksonville offers exceptional investment opportunities hard to find in most markets around the country today.<br> <br> In this episode we explore the five key fundamentals that create the "perfect storm" for real estate investors in Jacksonville. Listen in as we dive in and uncover a golden investment opportunity.<br> <br> If you missed our last episode, be sure to listen to The Truth about Property Insurance.<br> <br> Enjoy the show!<br> <br> - - - - - - -<br> <br> Download your FREE copy of:<br> The Ultimate Guide to Passive Real Estate Investing.<br> <br> See all our available Turnkey Investment Properties.<br> <br> SUBSCRIBE on iTunes | Stitcher | Podcast Feed<br> <br> Please give us a RATING & REVIEW (Thank you!)<br> <br> <br> Hot Investment Opportunities in Jacksonville, Florida<br> We’re going to talk about the Jacksonville, Florida market. This is a relaunch for us in that market because we have just had a hard time getting good inventory, but that all changes today. We are bringing on our local market partner here to talk about the market, the opportunities there. Why it’s such a great market and why so many investors just don’t know about that market is beyond me. Anyway, it’s a good opportunity for us if you know what’s going on. Timing and the market cycle really play into your decisions as to where to invest when you’re investing in real estate. What you’ll find is that Jacksonville is almost a perfect storm. We’ve got everything going on there that is in our favor as a real estate investor. <br> <br> Brian is our new local market partner in Jacksonville, Florida. When I say new, what I mean is this show is effectively marking the relaunch of Jacksonville, Florida. We’ve been in the Jacksonville market for a number of years. However, the greatest challenge we have found is getting the right inventory and enough of it. That sounds like a problem with some good fundamentals, but it is a problem. We needed to bring on a new team that has excellent product that are in the right areas. Brian and his team are well-vetted. They are fantastic. Their knowledge of the market is exceptional. I wanted to bring Brian onto the show today to talk about the Jacksonville market, the opportunity there for you as an investor, and share with you what we potentially could bring to the table, if you’re interested in opportunities down there. Brian, welcome to the show.<br> <br> Thank you so much for having me, Marco, and the audience as well.<br> <br> It’s my pleasure. I’m glad to have you on. I’m very impressed with your team. I’m also very impressed with your success story. As I understand it, you started off in California. You weren’t born here, but you were an investor here in California. Then you took that success and you repeated that model in Jacksonville. I have a trademark saying, “Live where you want. Invest where it makes sense.” Let’s start off by you telling our audience about your background and how you got started. <br> <br> <br> <br> Actually, our first portfolio in California dates back when we started our first deal in 1998 in a place called Bakersfield, California. We were actually living in Santa Barbara, so live where you want and invest where it makes sense and the fundamentals. Living in Santa Barbara, the numbers made absolutely zero sense even in 1998. The median price in the coast there was $750,000. You could not cashflow property. My business partner and I have always, from day one, been focused on cashflow affordable property. We’ve made lots of mistakes along the way.
