All Forum Posts by: Seavron Banus

@Gregg Cohen Great inputs, I actually spoke with your partner Adam briefly last week--and we spoke about MOI as well. Turns out you guys will be managing my property come April--via your recent acquisition of small portfolio of PM clients. I  just sent you a message / connection request. 

Looking forward to discussing further!

@Jack Bobeck Great inputs, appreciate the thoughtful response and use of different data points to back up your thinking. A lot of the same reasons you mentioned are what got me to invest in the area as well.

@Jeremy Kloter, Makes sense. I currently have been using the market phase framework from David Lindahl's book Emerging Real Estate Markets--and have come up with a similar assessment. The good--growth projections from census bureau, low unemployment, rents rising (was just able to bump rent in my 4plex in orange park), and a number of elements that @Jack Bobeck mentioned. The bad--national attention via Forbes articles and others makes JAX a "hot" market, more extreme storm patterns, lots of new construction (although this could be seen multiple ways).

@Mark Fries what metrics or data are you looking at that make you say it is a strong market? 

There is a lot of talk about Jacksonville, FL as a "hot" market for investment. Forbes wrote an article in early 2017 which put JAX high on the list of good places to invest (based on job growth, unemployment, foreclosures, etc.). As investor I see both the positive trends, and a market that is getting so much attention that deals are harder to come by.

Rents seem to be going up, but for how long?

For anyone who is also investing in the area, tracking metrics like price per foot, etc. where do they think the market is right now?

Looking to start a good data backed discussion, let's hear your thoughts!

@Joseph Hamaoui, Mainly that I have a connection to them via contacts / friends in the Bay Area that have worked with them. I have met in person with the owner and others, had good conversations and liked their overall strategy. As a first time investor with a demanding day job, I like that the process is streamlined even if I may not get an amazing deal. The IRR I am looking at with financing is still strong. I am open to it though, just didn't prioritize this go around.

@Joey Hamaouiundefined

No reason for skepticism, just trying to do my due diligence before potentially purchasing a home from them. From my interactions to date they seem very friendly and trustworthy. 

Just wanting to see if others had experience with them 

@Steven Hamilton II, Thank you for this response, very helpful. Have been exploring other threads with your commentary and ideas from others. This has been a great place to start. I will definitely follow up with any other questions as I work my way through this and get further along. 

Cheers, Seavron

Hi everyone, I am at the point of reviewing my first P&S agreement on a property and as I get closer to my first deal I am realizing that I would like to make sure I have a good outside opinion on the contract and strategies to avoid liability issues down the road. As part of this I am also realizing it might benefit me to start a relationship with a good CPA / tax advisor / financial planner as well. Would really welcome any recommendations of individuals you have worked with / know personally who specialize or have good experience helping real estate investors. Looking to build a good long term relationship here. Cheers, Seavron

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?