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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

• Buy-and-hold strategy
• 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

Finding Deals

• Direct homeowner marketing
  • Mailers
• Finding off-market deals
• Wholesalers
• 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)

Investor Advice

• Consistence and persistence is key to success
• Keep letting people know you are a player in the game

Contact

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.

The post Ep. 120 Pete Kuc: Investing for Cashflow and Jacksonville Market Recap appeared first on Real Estate Investing in Florida.

Don’t miss a single show!

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
    • Murray Hill: Up-and-coming secondary market
  • Rent hikes in prime markets (Riverside, Avondale)
  • Ep. 84 – Daren Blomquist: Which Florida Markets are Hot?
• Glocal Network
  • “Opportunity Investors” – invest in variety of asset classes
  • +20 properties in portfolio
    • Mainly single family, but also retail and multi family
  • Deals financed privately, no institutional loans
    • Glocal invests 25%, investor(s) contribute remaining
    • Preferred percentage deal on returns
    • Average single family turnkey property costs: $90k, all in
• Investment Tips
  • Want to invest? Buy a property, start small
  • Take advantage of the current low interest rates
  • Learn from experience
  • Know your market
  • Find a mentor or network
• Inspiration/Support
  • Kelly’s family instilled a determined and practical mindset regarding real estate investing
  • Maxwell and Kelly found BiggerPockets instrumental in investing advice and establishing a strong local investment network

Kelly and Maxwell can be contacted with an opportunity to work with Glocal Network in the Jacksonville real estate market or for investing advice by email at glocaljax@gmail.com

The post Ep. 91 – Talking the Jacksonville Real Estate Market appeared first on Real Estate Investing in Florida.