There are many strategies investors can apply in real estate investing. Some offer big risks and bigger returns, some offer a stable, long term earnings. While it may not be the flashiest investment strategy, investing for cashflow can provide long term stability and act as a cushion in the event of any unforeseen market downturns.
Pete Kuc, Co-Founder of May Real Estate Group, got a crash course in the big risks of speculative investing and learned the power of passive income and investing for cashflow the hard way.
Following the 2008 market crash, Pete was forced to reassess his approach to real estate, but what he has since learned about investing for cashflow has paid off. He has grown this strategy into a thriving turn-key investment company serving northeast Florida.
This episode, Pete talks about cashflow investing and gives us a recap of the Jacksonville and northeast Florida markets.
Investing for Cashflow
Fix-up, rent property, build equity
Not based on speculative appreciation
NE Florida Markets
Jacksonville, St. Augustine, Palm Coast
Jacksonville: strong natural growth, prices lower than other Florida markets, good rental returns; Orange Park neighborhood
Direct homeowner marketing
Finding off-market deals
National Community Stabilizing Trust
Fed Program offering off-market deals at discount
For non-profits, but community investors may be vetted for program
Real Estate Investor Associations (REIAs)
Consistence and persistence is key to success
Keep letting people know you are a player in the game
To find out about the turn-key investment services offered by the May Group, visit www.kigjax.com. To find out more about investing for cashflow or to learn more about what is happening in the Jacksonville real estate market, message Pete directly on Facebook.
Many of our past guests on the show have referenced the Jacksonville real estate market in their lists of rising, hot Florida markets. The area has been making a steady recovery since the economic recession and investors are taking notice. With a stable economic base and opportunity in a variety of asset classes, the Jacksonville real estate market has a lot to like for investors.
Maxwell Lee and Kelly Lei, of Glocal Network, know firsthand the appeal of the Jacksonville real estate market. Two years ago, Kelly and Maxwell both left traditional, W-2 income careers for a life in real estate investment and started Glocal Network, a real estate investment firm based out of Jacksonville. Though the company is young, they have a combined portfolio of individually owned and partnered investments of over 20 properties in a diverse collection of asset classes. Kelly’s brokerage and agent’s license combined with Maxwell’s hometown knowledge of the Jacksonville real estate market have established Glocal Network as a leading investor in the Jacksonville real estate market.
Jacksonville Real Estate Market
Large amounts of single family foreclosure properties still being released
40th largest metro in U.S., with strong growth potential
Strong single family markets: Riverside; Avondale; Springfield; San Marco