All Forum Posts by: Scott Voytko

That stock price makes sense.  Here is an update:

Still on the market- 74 days now.  Same 3200/mo asking price. 

Taxes are $850 a month, vacant home utilities would run about $150/mo.  A savings account @.5% may have been a better option ...

America Homes 4 Rent recently purchased a home in my area for.... wait for it... 499,000! A SFH. I was shocked when I found out they purchased a half a million dollar home to rent. It's been listed for over 40 days at about $3200 / mo(pried $600 above the next cheapest home). This is a typical suburban home and not a vacation home

How will these guys give their investors any returns buying homes like this? 

I have bid on homepath properties but have not had success.  I have had success with hubzu and homesearch though.  They all use formulas and tactics to get people to make emotional decisions. Just leave emotions out of if, in jax there's always a better deal and price somewhere. 

There are a lot of out of state investors in jacksonville.  It's a growing port city  with tons of growth potential. Pretty much every area of town can be a good investment, excluding st johns county because their prices may just be too high. I tend to invest in class a properties.  They cost more, so I don't achieve the 2% rule that is discussed on here so often... But I generally get a very good quality tenant and an appreciating home.

Hey Ryan welcome to jacksonville. I invest in sw jax, clay county.  What area of town did you offer?  Foreclosure or seller owned?