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All Forum Posts by: Gregg Cohen

Gregg Cohen has started 1 posts and replied 139 times.

Post: Jacksonville FL market...still viable?

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

Hi @Travis M., I love Arlington to buy and hold.  You can get positive cash flow in a below-middle-income neighborhood where we love to do the property management.  The only issue is that a lot of investors love it as well so it is harder to find properties there in today's real estate market.  We have to create our own inventory by building new construction because there just isn't a lot of existing inventory.  As far as appreciation goes, I'm all about the long-term.  I just bank on holding onto the houses for a full market cycle (10-20 years or longer) and then I should be able to get a little over 4% appreciation per year on average.  Anything more than that would be a bonus.

Hi @Kaleshia Holmes - sorry for late response...I just saw your question.  I don't have a specific multi family agent to recommend for you.  However, if you're interested in investing in town homes, I can help.  By investing in town homes you receive a lot of the same benefits that you would get by investing in multi-family as well as additional advantages when it comes to financing and flexibility of the disposition.  Just let me know if you'd like to connect.

Post: JWB Real Estate Cpital

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

@Jay Hinrichs - Thanks for the insight.  It's really important to maintain the integrity of BP and the forums and we'll certainly keep this in mind for the future.  Looking forward to being more active on BP so I'm thankful that you're helping me to learn the ropes!

Post: JWB Real Estate Cpital

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

Hello all, 

I'm one of the owner of JWB Real Estate Capital.  I just want to confirm that @Pam Lehr, @Michael Ferrera, @Ginny Montoya, @Linor Havia, @Peggy Garnaat, @Cheryl Sweet, @David Meysenburg, @Sanket Gupte and @Jennifer Filzen are all real people and are not fake accounts.  They are current clients of JWB and have purchased turnkey properties with us and/or have us perform property management for them.  We always encourage our clients to share their positive experiences with friends, family and in online forums / reviews.  Not one of these clients has been compensated.  

Thank you all for taking the time to share your experiences!

Post: JWB Real Real Estate Capital, Can anyone comment on performance?

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

Thanks so much for sharing @Paz Patel!  We've loved working with you as well.  Seems like only yesterday you were in our office purchasing your first turnkey property with us!

Post: JWB Real Estate Cpital

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

@Ginny Montoya, @Michael Ferrera, @Pam Lehr - Thank you so much for sharing your positive feedback about your experience with JWB!  We have loved working with you!

@Amol Kulkarni - Sorry we haven't met your expectations.  I just sent you a message hoping to connect to learn more.

Post: JWB opinion or experience

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

@Rebecca K. - Thanks so much for the update.  We're grateful to have you as a client again!  Investing in rental properties is a learning process and it is great that you have been authentic and transparent.  I'm glad you tested the waters out there in regards to other property management companies and came to your own conclusion that JWB's value is beyond what we advertise!  

Post: JWB Real Estate Capital

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

Hi @Charles Hirst, I appreciate you sharing your experience with JWB. I'm one of the owners and I can help clear up a few things. We do allow clients to see inventory in a number of different ways. Anyone can go to our website and request to "view properties" and you'll instantly get the opportunity to view 3. These also come on an excel document that you can use as your own rental property ROI calculator. These properties were just recently sold and are very representative of the types of assets our clients can purchase here in Jacksonville.

I also host a few weekly segments where I breakdown a new JWB property of the week.  This property is currently available.  I host a weekly show on Thursdays at 12:30pm ET where everyone can view the property and ask any questions as I break it down live on the call.  

In addition, I do a facebook live segment every Friday in our facebook group where I highlight the property of the week as well.  In fact, I just jumped off when I read your forum post.

I'm not sure if you were aware of these forums but I just wanted you to know there are a number of ways to view available inventory.  If you'd like to chat privately, I'd be happy to get you connected to the show and our facebook group. 

As far as the lender goes, you are correct that we do require all clients to use a lender in our approved network.  If you'd like to share the name of your lender, we'd be happy to let you know if they are on our approved list.  We don't publish our list of approved lenders as we make adjustments within the lender network based on current interest rates, terms, lead volume and loan volume.  We're only going to connect you with a lender who is going to have the lowest rates and is going to have the bandwith in order to keep a high level of customer service.  Vetting lenders is no fun and we have done a lot of the heavy lifting for you. 

We do not require that you are pre-approved with a lender to view inventory.  We make an initial introduction to you after our first phone call and ask that you get on the phone with the lender in the coming days for a verbal pre-approval.  We do not require that they run your credit score or compile your financial documents at that time.  And, of course, we move forward with a client demo and we review inventory with you before you necessarily have that conversation with the lender.   Of course, before we get to property selection, we do require that you have that lender conversation as it isn't in anyone's best interest to go under contract if the financing isn't a possibility. 

The last thing we would want you to do is to feel that you are being kept in the dark regarding your options.  I'm sorry if you felt that way and we'd love the opportunity to work with you again.

Post: Jacksonville FL market...still viable?

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

@Ezra Sitt - We focus on 4 neighborhoods in Jacksonville - Westside, Northside, Arlington and Southside.  Prices are typically between $150k-$210k and you can get positive cash flow.  Below middle income is what you are shooting for the sweet spot of positive cash flow in a neighborhood that has significant rental demand.  Jacksonville’s avg historical appreciation rate is 4.3% per year and all are expected to grow at that pace if you hold for a full market cycle.  Specifically, the westside has a lot of townhome opportunities.

Post: Jacksonville FL market...still viable?

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

Hi Ezra, thanks for reaching out. MF properties are great but there just aren't a lot of opportunities specifically in Jacksonville. The housing stock in the ideal neighborhoods for positive cash flow is typically SFR. However, town homes might be a great alternative for you. You'll get many any of the benefits of MF plus some additional flexibility when it comes to financing and selling the assets and there are many options to find town homes in the right cash flow neighborhoods in Jacksonville. Let me know if you'd like to set up a time to chat in more detail about it.

Post: JWB Real Estate Capital

Gregg Cohen
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 143
  • Votes 136

Hey @Jack Bobeck - thanks for giving me the heads up.

Hi @Andrey Y. - We report on our property management stats every month.  We're just about to send out the June issue of our client newsletter.  Here are the most recent PM stats:

June 2020 JWB Property Management Stats:

Current properties under management: 3,567

Total Rented Houses in 2020: 503

Average Duration of Leases Signed in 2020: 27 months

% of Leases Re-Signed in 2020: 74%

Current Occupancy: 96%

For reference, these were the JWB Property Management stats when Jack originally posted (around end of 2017):

I'll send you a PM.  I'd be happy to answer any additional questions about the Jacksonville real estate market or JWB as well.