What is your experience with JWB Real Estate Capital (turn-key)?

[Robert Raffalo]

I'm curious if anyone has worked with JWB Real Estate Capital and their turn-key solution in Jacksonville, FL.  And, if so, what was/is your experience with them?  I'm curious as to whether or not you are cash flowing and how well, and how long it took to obtain decent cash flow ...  also wondering if you are pleased with your Return Percentage when not including the Principal Pay-down on your mortgage and the estimated Tax Benefits  - Thank you!

[Jack Bobeck]

@Robert Raffalo You should get on the JWB mailing list, they will send you a list of all the people they help each quarter, new owners. The guys are disciples of Than Merrill who is a disciple of Robin Thompson who is a disciple of Ron Legrand (who brags about it all the time). So review what Than is doing to see how JWB has grown. The guys there do run a great shop and have been growing before, during and after the Great recession. My wife, Liz Bobeck, is a local Realtor and has worked to sell them some lots investors buy at Tax Deed Sales. 

They own about 900 lots in Jacksonville to develop still. They basically use private money to buy and finance the building, then work to find a renter and sell the turn-key to an investor who uses their 401k or retirement savings to buy the house. JWB manages the property and makes sure the renter pays, I think they charge 8-10%, which is normal here in NE Florida for prop management. They have a lot of local contractors they work with to get homes built. Alex Sifakis is the president and I have met him a few times, great guy and his team are doing really cool things locally in Jax.