philly girl thoughts

[jganz]

sorry.. this is specific..

what are your thoughts on esplanade (town center)

there are a lot of reo under 100k...

what are your thoughts in general in the condo investment opportunities..

(as you know there are alot in Jvillle)

 

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[phlgirl]

I like the town center area. A friend of mine lived over there for a few years.

As far as the condo market, I really couldn't say. Our business focus is specifically on single family homes in the West, North and South sides of JAX.

Overall, I dont mind condos. I owned a few in Philly (don't own any today) and they were great investments. Easy to manage.

What are you looking to do with it? Long term? Short term?

For me, it's all about the numbers and what I am looking to achieve from the investment. Would it cash flow? What can you resell it for today?

I would want to know that the occupancy was solid. If you are looking at new construction, low vacancy (particularly if the builder or investors go under) can cause huge budget issues. Be cautious of something that has a high % of non-owner occupied.

As far as JAX, I think it's a solid market. There simply aren't many (I don't know of any) major cities where you can purchase a home/condo for less than 100k and be within (single digit) miles of the ocean.

If you have specific questions, let us know. We can all try to help.

 

[Cat Man Du]

The Greater Ft. Lauderdale area - SAME !

 

[Dhappy]

Tampa bay area

 

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[phlgirl]

I don't know why I never think of Ft. Lauderdale as a 'city'. You are totally right though. How are jobs there?

Tampa isn't on the ocean.

 

[hakrjak]

I just took a cruise out of FTL earlier this month, and it was pretty wild to look back at the mainland from the boat once we got 10 miles out or so, from which I could see about 3 or 4 seperate cities with tall buildings and everything -- All much bigger than where I live!

Cheers,

- Hakrjak

 

[Dhappy]

Tampa bay area is a term they use here that covers about 10 cities. I'm about 1/2 mile from the gulf.

 

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