I used to work for a company that paid cash for apartment buildings down in Jacksonville, FL.
I honestly did not really like working at this particular company because they weren’t all that great at selling property in Florida.
They paid cash for apartment buildings and then we were supposed to go into the buildings and rehab them so that they could flip them and sell them again for a profit. I thought that the whole business model was pretty good and I liked the whole idea of paying cash for apartment buildings and then putting just a little bit of work into them before selling them for a nice, tidy profit. A lot of Jacksonville real estate investors are looking for exactly that type of thing and so I think that there was a lot of potential to make lots of money and be very profitable if the company had just been run correctly. However, there were lots of issues going on in the management of that organization. Things did not turn out the way that I thought they should whenever I was working there and I ended up leaving after a fairly short time. Now, I am working for another company that specializes in paying cash for incomplete construction properties. They do a much better job at what they do, and I feel like I’m going to be able to make a whole lot of money if I stick around with them for a while. I’m glad that I don’t feel like I have to stay in one job forever even when I don’t like it!
