BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the U.S. homeownership rate sits at a five-decade low.
“More competition drives rates down,” Sifakis said. “The more people that are in market, the more I can leverage them against each other.”Read More
Rank: No. 10
Revenue Growth: 78.05%
Alex Sifakis, president of JWB Real Estate Capital LLC, has a personal and business mission statement.
“Make people happy,” he said. “In business, focus on your employees and your clients. Make sure they are happy and thriving, and you will be successful.”
– See more at: http://www.jwbrealestatecapital.com/?p=32991&preview=true#sthash.IBso12nM.dpuf
For more than a decade, the Jacksonville Business Journal has helped identify the companies that have the more interesting workplaces, the best culture, the happiest employees. Working with our partner, national research firm Quantum Workplace, we’ve poked and prodded, surveyed and measured and — in the end — come down to the companies that truly stand out.Read More
Based on verified financial performance for the past three years, the Jacksonville Business Journal and Ennis, Pellum & Associates CPAs, our accounting partner, are pleased to announced the 50 fastest-growing, private companies in Northeast Florida.Read More
Home sales in Jacksonville are growing at levels not seen in years as the percentage of distressed homes on the market declines and activity increases with new model homes.
Sales of existing homes in the Jacksonville area were up 10 percent in April from a year earlier, reaching 2,201 for the month, following March’s 2,241 number of closed sales, according to the latest report from the Northeast Florida Association of Realtors.Read More
Real estate buyers seeking money to renovate and flip U.S. houses are getting help from some of the world’s biggest investment firms.
Colony Capital Inc., Blackstone Group LP and Cerberus Capital Management are among the companies that have started making bridge loans to investors who buy homes to sell them quickly for a profit. Borrowing costs — traditionally the highest in residential lending — are tumbling as the firms compete for customers.Read More
The Gator Nation is everywhere, but it especially seems to be in Jacksonville, where eight fast-growing companies from the area were recognized as part of the first Gator 100.
Modeled after the Inc. 100, the Gator 100 recognized the top fastest-growing companies led by University of Florida alumni.Read More
JWB is a privately owned real estate investment, operating and management company focused on building portfolios of rental properties for clients locally, nationally and internationally.Read More
Even though overall foreclosure numbers continue to decrease across the U.S. year over year, auctions have picked up in many states recently as investors grab remaining bargains.
The increases come amid questions about the path ahead. Some industry watchers see foreclosures and auctions winding down early next year. Others note many markets are already at pre-bust levels or expect foreclosures will still be getting mopped up in certain markets well into 2015 and beyond.Read More
Dec. 12 (Bloomberg) — Foreclosure filings in the U.S. plunged last month to the lowest level in almost eight years as investor purchases and an improving economy brought the end of the housing crisis within sight.
Default, auction and repossession notices in November were sent to 113,454 properties, a 15 percent drop from October and the biggest monthly decline in almost three years, Irvine, California-based RealtyTrac said today in a report. The surging wave of defaults that led to 7.7 million homes seized by banks or sold in the foreclosure process since October 2006 is coming to a close, according to the data firm.Read More
More single-family homes across the nation are being built for renters, a shift that mirrors a steady decline in homeownership in the years since the housing bust.
Until recently, real-estate investors had focused primarily on scooping up tens of thousands of foreclosed homes, at a sharp discount, and converting them into rental properties. Now that the pool of these properties has declined and prices have risen, these investors are snapping up newly finished single-family homes to be used as rentals, or even developing vacant lots from the ground up.
JWB Real Estate Capital is hedging its next bet on Springfield, with plans to start speculative construction on single-family houses in the historic neighborhood in the coming months.
That’s right: Speculative construction. In Springfield.Read More
Aug. 21 (Bloomberg) — Colony American Homes Inc., a single-family rental company founded by Thomas Barrack Jr., is becoming a lender to other landlords.
The Scottsdale, Arizona-based firm, which has about 15,000 houses, began offering loans in July and is targeting rental-property owners seeking $5 million to $10 million in financing, according to Todd Sammann, who runs Colony’s single-family lending arm. The company intends to originate as much as $2 billion in debt during its first year, with potential to do more, including loans of as much as $100 million, he said.Read More
Jacksonville Wealth Builders, the company that created an empire out of buying foreclosed homes, renovating them to sell to investors and then providing property management services, is rebranding as JWB Real Estate Capital as it rolls out its real estate services to Northeast Florida.Read More
Meet the fastest-growing private companies in America by checkout this list that JWB is featured on.Read More
This month’s issue of Executive Edge includes the list of Best Places to Work. The rankings for this list are done by Quantum Workplace, a third-party company that specializes in measuring workplace satisfaction. The list splits companies up into three categories: large businesses with 250 or more full-time employees, medium businesses with 30 to 249 employees and small businesses with 10 to 29 employees.Read More
Brace yourselves, folks: Speculative homebuilding is happening again.
Just south of the Arlington Expressway, a brand-new neighborhood has sprung out of the ground since the beginning of the year, and there’s more to come.
But there’s a twist. The speculative houses are being built as single family rental properties, to sell to investors.Read More
Greg Rand, CEO of OwnAmerica.com hosts Rand on Real Estate on 770 WABC, discusses with Alex Sifakis the rental & real estate market in Jacksonville Florida. Population growth, job growth, and economic growth of Jacksonville. Greg and Alex discuss what Jacksonville Wealth Builders does and their business opportunities through turnkey investing.Read More
JACKSONVILLE — Down a quiet, dead-end street in Arlington sits an investment that will pay for the college education of Joe Dela Cruz’s 3-year-old daughter.
Dela Cruz bought the two-story house with a brick facade and attached garage as a rental property. A tenant has signed a lease to pay $1,200 in monthly rent, and once Dela Cruz pays the mortgage, property taxes and management fees, he’ll take home $473 a month.Read More
Rigel, Chief Financial Officer of Progress Home Buyers aka JWB Real Estate Capital, helped his company increase revenue from $525,833 in 2008 to $4.2 million in 2010.“It comes down to understanding cash flow and being able to look two to three months [ahead] and know what the cash flow will be every week,” Rigel said. “Once we started doing that, our business has really taken off. We remodel homes and we’ll have eight to 12 going on [simultaneously], so breaking down the costs associated with each job really makes a difference.”Read More
Focusing on after-the-sale customer service for investors in the Jacksonville real estate market is key to Progress Home Buyers LLC’s success.“We’re constantly calling, constantly saying hello, constantly helping,” said Adam Rigel, Chief Financial Officer of Progress Home Buyers, which is known to its clients as JWB Real Estate Capital. The company was founded in 2006 and manages 112 homes primarily in Westside and Arlington communitiesRead More
JACKSONVILLE — To achieve financial security by age 30, Adam Wolbarst of New York City is investing his money in the Jacksonville real estate market.The 24-year-old bought a home — with a tenant in place — on Jacksonville’s Westside in October. Since then, he’s collected just more than $500 per month on the investment and plans to buy another property in April.Read More
President of JWB, Alex Sifakis makes a guest appearance on First Coast Living of Jacksonville so explain a bit more about JWB’s passive real estate investments.Read More
My property was rented out weeks before I closed on my loan AND for a considerably higher amount than anticipated. The JWB team has exceeded my expectations
Brian Doan – Centreville, VA
We wish to express our gratitude for all you do to make our lives exceptional and exciting. You really do over deliver and we still can't believe how we are treated as family! The picture is from a Caribbean cruise and our first investment with JWB will allow for one of these each year - and this makes Lindy happy. Our thanks to the whole "family" for all you do! It can't be done any better.
Guy Diffenbaugh – Jacksonville, FL
"I have had nothing but wonderful and positive things to say about JWB. They go above and beyond when it comes to excellent communication with their investors and great customer service. They've always reached out to keep me informed about what's going on with our property, and I feel they deeply care about me and my renter. I can hardly wait to have more capital to invest with them for I plan to stay with them for a lifetime
Jennifer Filzen – Monterey, CA
We don’t have a lot of time to sit around and look for properties and find places to flip. The great thing they offer here is the ability to have it all done for you. Everything is taken care of
Bryan & Jennifer Topscher – Fairfax, VA
I have had a great experience with you all. Your company is excellent and the properties all cash flow very well!
Brent Kelley – Rancho Santa Margarita, CA
"I have been recommending JWB for years, and will continue to do so!"
Alyssa Getzoff – Tampa, FL
“I have always had a passion for Real Estate. I was an active investor. But after working with the JWB Real Estate Capital Team I found that I can be involved in real estate without being involved and still earning the same returns. Now I can spend more of my time doing the things I love with the ones I love.“
Todd & Elle Claus – St. Augustine, FL
"I have always invested in stocks, mutual funds, and traditional methods, but when I heard the JWB model, I thought it was too good to be true. After completing my 1st deal with the JWB team, it was just too good! I plan on buying 1 a year with them over the next 10 years. Thank you so much JWB!”
Adam Wolbarst – Sunnyside, NY
Donna and I are very happy with JWB’s return on investment and the “best in class” customer service. They are on top of every situation and are always cheerful and pleasant.
Bill & Donna Price – The Villages, FL
Honest straight forward approach to business, you treat your customers like family! Keep up the great job!
Jack Heinemann – Green Cove Springs, FL