Jacksonville Florida Turn Key Rental Properties with Gregg Cohen

Investing in Jacksonville, Florida Turn Key Rental Properties-Podcast Episode Highlights

Gregg Cohen, founder of JWB Real Estate, joins us on the show today to discuss Jacksonville Florida turn key rental properties. Real Estate investors in the olden days were limited to investing in their local market-where they could physically manage the tenants, repairs, and any other issues that arise from owning property long term.

In today’s world, with the internet and property managers like JWB who offer fully renovated houses with tenants in place, out of state, or even out of the country owners can enjoy cash flow in any real estate market. With so many markets available, let’s talk about why I like Jacksonville, Florida, and the reason I sought to invite Gregg onto the show.

How to Scale a Real Estate Investment Portfolio Using Turn Key Rental Properties:

My main business is buying & selling houses as quickly as I can. Sometimes completing renovations, sometimes selling nearly as-is, with only minor cosmetics done after we buy the property. Even though I close close to 300 deals per year, when it comes to passive income, I prefer buying turnkey investment properties. I also have no issue with long distance ownership.

The bottom line is that I can scale quickly when turnkey companies are placing tenants and managing the details for me. The extent of my involvement is the heavy lifting on the front end to actually close the purchase: the loan application, signing documents, and providing the 20% down payment.

Why Invest in the Jacksonville, Florida Real Estate Market?

The Jacksonville, Florida real estate market is attractive to me first for location.  First, there are jobs and population from all over the U.S. migrating to Florida.  Second, the home prices in Jacksonville haven’t detached from wages.  Normally I prefer buying turn key rental houses in markets with 5 Million people.   Jacksonville has about 1.5 million, which is smaller than I’d like, but large enough to catch my attention. Even though it’s smaller than I’d normally prefer, Jacksonville is among the fastest growing large cities in the US.

Why Does the Age of a Home Impacts the Value and Maintenance Cost?

Gregg’s latest innovation is build to rent single family homes. Turn key rental property investing normally focuses on existing houses.  First, the company buys a house, second, they renovate a house, third, they rent to a tenant, and finally, they sell the house with tenant to an investor like me.  JWB actually began buying lots and building brand new homes for the same purpose: to provide investors with a brand new turnkey rental investment. I have since attempted buying the brand new offering only to find out that they are in very short supply.   Somewhat disappointed…

Anytime I consider buying a turnkey rental property, the biggest variable, after location, which affects price is the current condition. I love the idea of a new home-since the entire house is new. That’s not usually an option, so I evaluate the home based on it’s current condition. I prefer buying renovated turn key real estate investments from the property management company who also does the renovation. You still need to to due diligence on the company, the house, & the market before you close the deal.

Many of the houses I’ve bought “turn key” were simply occupied rentals bought from mom & pop landlords. In these instances, I expect a risky tenant, many repair issues, and a significantly below market price to account for the risk.  Long term maintenance costs are higher on those deals.   On the other hand, a fully renovated turn key rental property purchased through a full service provider, such as JWB real estate, will cost less in the long run. Please check out the full episode & come up with your own conclusions.

Interested in Buying Off Market Real Estate Deals?  You Need the Deal Machine!

This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals.  For a Limited Time, You Get Free Access at http://REIDealMachine.com/


Greg & I Discuss:

  • Why Invest in Jacksonville, Florida Real Estate

  • Turn Key Rental Properties Offer Easy Scale

  • Build to Rent-Brand New Assets

  • Why a “Focused Approach” Beats a “New Markets Approach”

Relevant Episodes: (174 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.JWBRealEstateCapital.com

The transcript of this episode can be found here.

Transcripts of all episodes can be found here.

Avail the Free Property Management Platform with Laurence Jankelow

Laurence & I Discuss:

  • Cycle of a Landlord-Move in to Move Out

  • Automate every step of the process

  • Auto-pay tenants ACH

  • Credit Report, Background, & Lease Signing Online


Listen Now:

Google Play

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Relevant Episodes: (There are 161 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.Avail.co

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

 

Turn Key & BRRR-Key Rentals with Ali Boone

Ali & I Discuss:

  • Birth & Death of Turn Key Rentals in Many Markets

  • Best Markets in U.S. for Expected Appreciation

  • Importance of Buying Right

  • How to Mitigate Risk of Buying from the Wrong Provider


Listen Now:

Google Play

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Relevant Episodes: (There are 149 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.HipsterInvestments.com/diamonds

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Get FREE ACH Payment Processing on Rentals with Eachan Fletcher

Eachan & I Discuss:

  • How to Get FREE ACH Payment Processing for Your Rentals

  • Rental Insurance-Get Paid During Evictions

  • Push Button Maintenance Processing

  • Guaranteed “On Time” Payments


Listen Now:

Google Play

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Relevant Episodes: (There are 142 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.NestEgg.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Noel Christopher on Capitalizing on the Consolidation Underway in Property Management

Noel & I Discuss

  • Benefits of a Company with 22,000 Units Under Management

  • Best U.S. Markets to Invest (if your market is overpriced)

  • Selecting the Next Market Outside of Your Own State


Listen Now:

Google Play

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From Closing Thousands of Deals to Managing More than 20,000

Noel started out in real estate in the Chicago market, closing several thousand deals between 2010-2015.  He has since changed his focus to Residential Property management for the smaller investor.   Due to a lack of quality national property management companies, Noel, of Renters Warehouse, has been focusing on acquiring new property management companies and building strategic partnerships.

Relevant Episodes: (There are 109 Content Packed Interviews in Total)

Resources Mentioned in the Episode:

www.RentersWarehouse.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Jim Huntzicker on Buying REAL DEALS through the MLS

Buying Real Deals on the MLS

Jim & Dan Discuss:

  • Selecting the Right Markets for Fix & Flips Deals

  • Price Point to Search & Win Deals on the MLS

  • Script & Process for Presenting Profitable Offers to Agents

  • Solid Productivity Strategy for Busy Real Estate Pro’s


Listen Now:

Google Play

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 Mentioned Episodes: (There are 78 Content Packed Interviews in Total)

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Matty A on Flipping 30 Houses Per Year

Flipping Houses

Matt & Dan Discuss:

  • Source of Deals for both Agents & Fix/Flip Investors

  • Market Data to Watch to Know When Market is Going Down

  • How to Shift Your Model to Prepare for a Coming Real Estate Market Change


Listen Now:

Google Play

stitcher

 Mentioned Episodes: (There are 77 Content Packed Interviews in Total)

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Robert Gilstrap on Subject-to Investor Deals & Property Management

Property Management

Robert & Dan Discuss:

  • Buying Property Using Existing Financing

  • 3 Keys to Selecting the RIGHT Property Manager

  • Why Equity is Fiction

  • The RED HOT Atlanta Market


Listen Now:

Google Play

stitcher

Mentioned Episodes: (There are 74 Content Packed Interviews in Total)

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Austin Stack on Being Drafted onto the Diamond Equity Team

Diamond Equity Team

Austin & Dan Discuss:

  • Closing 40 Deals in the First 10 Months

  • How to Be a Person that Attracts Success (Hint: You DON’T Have to Ask for it)

  • Invite Only VIP Wholesaler Mastermind

  • The RED HOT Atlanta Market


Listen Now:

Google Play

stitcher

Mentioned Episodes: (There are 74 Content Packed Interviews in Total)

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Dan Zitofsky on Passively Investing in Emerging Markets

Passively Investing in Emerging Markets

Dan Zitofsky on Passive Investing in Emerging Markets

Dan lives and invests in Delaware.  He buys & sells turn key rental propertiesPassive investing in emerging markets is the favorite strategy of most non-local real estate investors.  The reason the strategy works is because values tend to rise in emerging markets.  An emerging market is any market where there are both population and job growth.

 

Dan Zitofsky Says:
“For well over two decades, I’ve specialized in working with clients to build equity in their wealth portfolios through investments, savings, IRA’s, and 401K’s. Here at Zitofsky Capital Management, we perform extensive due diligence to protect every investment for our investors as well as our lenders.

I’ve closed over 800 fix-and-flips, 650 rental properties, 800 plus doors in multi family projects and over 1,000 private money and Non Performing Note transactions. I personally coach investors at all levels, offering guidance for turnkey rentals or fix and flip properties, but more importantly how to create “True Passive Wealth.” I’m also a featured speaker at many national gatherings of investors and wealth groups Internationally which is now my true passion bringing real content in a mix of so much smoke in this industry.

One of my specialties is training investors how to create long term passive wealth for themselves by turning non-performing assets into long term performing assets be “Becoming The Bank”. 

Dan Zitofsky & I Discuss:

  • 4 Best Deal Sources

  • Emerging Markets

  • Why B & C Neighborhoods are Best to Invest

  • Passive Real Estate Investing Strategy


Listen Now:

 

Resources Mentioned in this Episode:

Zitofsky Capital Management

www.ZitofskyCapitalManagement.com

Relevant Episodes: (73 Content Packed Interviews in Total)

Interested in Buying Off Market Real Estate Deals?  You Need the Deal Machine!

This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals.  For a Limited Time, You Get Free Access at http://REIDealMachine.com/

The transcript of this episode can be found here.

Transcripts of all episodes can be found here.