Buy and Hold in Jacksonville, Fl

[Kandi Alston]

I have a quick question for buy and hold investors in JAX.  Have any of you been able to rent properties under the 2% rule?  Thanks in advance.

[Sarah Shockley]

@Kandi Alston Sadly you're not overlooking anything - it's pretty unusual to find anything close to 2% on the market in Jax. Even during the last RE dip those types of properties were rare.

When I first started buying (2012) you could get a cute bungalow in Murray Hill for $50k-$60k, easy - not even needing much work! The same properties these days are going for $100k+ or if they're asking $60k they need $40k in renovations.

@Chris Ramos I don't know about insurance being the culprit. Actually my largest expenses are property taxes, by far (don't get me started). Of course I don't have any properties in flood zones, or at the beach so that makes a difference.