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JWB in the News

BlackRock Said to Start Financing Rental-Home Investors

BlackRock Said to Start Financing Rental-Home Investors

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.”

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JWB Ranked #10 Fastest Growing Company in Jacksonville by JBJ

JWB Ranked #10 Fastest Growing Company in Jacksonville by JBJ

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

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JWB Ranked #7 Best Place to Work in Jacksonville

JWB Ranked #7 Best Place to Work in Jacksonville

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.

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JWB made the fastest growing private companies in Northeast Florida List

JWB made the fastest growing private companies in Northeast Florida List

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.

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Home sales heating up on the First Coast

Home sales heating up on the First Coast

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.

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House Flippers Are Back Together With Wall St. What Could Possibly Go Wrong?

House Flippers Are Back Together With Wall St. What Could Possibly Go Wrong?

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.

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Eight Jacksonville companies among Gator Nation's fastest growing

Eight Jacksonville companies among Gator Nation's fastest growing

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.

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JWB Ranked Great Rated Company by Fortune Magazine

JWB Ranked Great Rated Company by Fortune Magazine

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.

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Slow-to-Materialize Millennial Homeownership a Massive Opportunity

Slow-to-Materialize Millennial Homeownership a Massive Opportunity

At 31 years of age Alex Sifakis is smack dab in the middle of the millennial demographic, but unlike others in his generation he is not wrestling with any angst over homeownership.  To the contrary he is using that angst
to his advantage as a real estate investor.
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Investors Rush To Auctions Before Foreclosures Dry Up

Investors Rush To Auctions Before Foreclosures Dry Up

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.

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Foreclosures Drop to Eight-Year Low as Crisis Wanes: Mortgages

Foreclosures Drop to Eight-Year Low as Crisis Wanes: Mortgages

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.

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New Homes Get Built With Renters in Mind

New Homes Get Built With Renters in Mind

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.

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Speculative homes planned for historic Springfield

Speculative homes planned for historic Springfield

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.

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Colony American Becomes Lender to Other Housing Landlords

Colony American Becomes Lender to Other Housing Landlords

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.

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JWB Ranked #12 Fastest Growing Company In Northeast Florida

JWB Ranked #12 Fastest Growing Company In Northeast Florida

Jacksonville Wealth Builders has made itself into a nice option for investors who want to get a piece of real estate’s robust returns without doing all the work themselves. Under the leadership of founders Gregg Cohen and Alex Sifakis and Chief Financial Officer Adam Rigel, JWB averaged annual revenue growth of 109.77 percent from 2010 to 2012.
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There’s gold in those foreclosed homes

There’s gold in those foreclosed homes

In out-of-the-way offices, run by executives wearing flip-flops, two Jacksonville companies have turned the aftermath of Northeast Florida’s foreclosure crisis into multimillion-dollar businesses.

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Jacksonville Wealth Builders rebrands, shifts focus

Jacksonville Wealth Builders rebrands, shifts focus

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.

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12 Fastest Growing Real Estate Company In US By Inc. Magazine

12 Fastest Growing Real Estate Company In US By Inc. Magazine

Meet the fastest-growing private companies in America by checkout this list that JWB is featured on.

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Advantage Business Magazine Features JWB On Cover

Advantage Business Magazine Features JWB On Cover

Gregg Cohen, CEO; Alex Sifakis, President; and Adam Rigel, CFO of JWB Real Estate Capital are featured on the cover of Advantage Business Magazine.

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JWB Ranked #8 Best Places To Work In Northeast Florida By Jacksonville Business Journal

JWB Ranked #8 Best Places To Work In Northeast Florida By Jacksonville Business Journal

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.

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Speculative homes built in Arlington? It's true, but there's a twist

Speculative homes built in Arlington? It's true, but there's a twist

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.

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Real Estate Expert & Radio Host Greg Rand believes in JWB

Real Estate Expert & Radio Host Greg Rand believes in JWB

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.

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New Jacksonville homes built to rent

New Jacksonville homes built to rent

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.

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Alex Sifakis of JWB Wins ‘40 Under 40’ Award Recognizing Top Young Leaders In Northeast Florida

Alex Sifakis of JWB Wins ‘40 Under 40’ Award Recognizing Top Young Leaders In Northeast Florida

We provide totally passive, income-producing real estate investments for our clients. We buy single-family homes, renovate them, then we put a tenant in the property and sell it to a client of ours. Then we do the property management for them after we sell it to them; they literally never have to do anything except write a check to buy the property and collect the checks we send them every month from rental income.
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Rigel focused on cash flow to increase revenue by $3.6M in three years

Rigel focused on cash flow to increase revenue by $3.6M in three years

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.”

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JWB makes investing in real estate easy for its clients

JWB makes investing in real estate easy for its clients

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 communities

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Jacksonville ‘a gold mine’ for real estate investors

Jacksonville ‘a gold mine’ for real estate investors

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.

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JWB President, Alex Sifakis, Featured on First Coast Living

JWB President, Alex Sifakis, Featured on First Coast Living

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.

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