Experiences with JAX investments

[Seavron Banus]

I have recently been connected with JAX investments through a friend and have spoken with one of the founders. The overall market trends, cash flow, buy and hold strategy for single family homes seems good. I know 2 people (not well) who have bought turnkey rehabbed homes with them or new builds and have had positive experiences but am a bit skeptical myself, especially after reading some of these forum discussions.

Does anyone have experience with or heard of JAX Investments?

[Brandon H.]

I went through JAX Investments when I bought my property. I posted details in these threads:

https://www.biggerpockets.com/forums/88/topics/406...

https://www.biggerpockets.com/forums/92/topics/501...

It's been mostly uneventful since closing in March 2017. Purchase price was $165,320. Currently rented for $1448.

Mortage = $647/month

Property taxes = $100/month (they haven't been reassessed yet. I expect them to go up to ~$207/month.)

Insurance = $442/year

HOA = $250/year

Property mgmt (Suncoast) = 8% of rent ($116/month)

Total costs come out to ~$920/month. Cash flow is $528/month. ~13% cash on cash return before maintenance, vacancy, and new tenant placement fees. I'm generally happy with it but I can't seem to find any new construction that delivers the same numbers.