Jason Hartman and one of the network’s Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.
Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It’s important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you’re prepared when you go into your next property.
[4:28] Florida is now drawing people from the East and West coast
[6:28] Jacksonville market profile
[10:27] Examining a pro forma of one of the new construction properties available in Florida
[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange
[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld
[18:24] Frank Gallinelli on financial terminology