AREI 73:Essentials of Asset Management with Justin Fraser
In this episode Justin Fraser discuss some of his proven strategies and the essentials of asset management. And how he was able to better the lives of many residents in their properties. Come join us and listen in!
Justin Fraser is an apartment syndicator, asset manager, and real estate investor, responsible for managing multiple apartments across the country. He has been a real estate investor since 2014 when he bought a single-family home as a rental property. In May of 2018 he formed 88 Real Estate Capital and closed on his first apartment syndication, raising over $600K for the deal.
By September 2018, Justin exited his corporate job as a Project Manager and jumped full-time into real estate investing, partnering with the DeRosa Group. Justin runs the Asset Management team for the DeRosa Group, responsible for implementing the business plans of these apartment complexes.
He is also the host of True Multifamily, a podcast about the business of apartment investing, showcasing the real work that happens after a deal closes.
[00:01 - 01:00]
• We welcome Justin Fraser to the show
[01:02 - 02:55]
• Justin Fraser's background how he started investing in real estate.
[03:04 - 05:43]
• After going through a horrible flip what did he do to recover?
[05:47 - 13:02]
• How he was able to go over conversations leveraging other peoples money to start investing in real estate?
[13:04 - 14:33
]• How they are able to manage hundreds of investors in those big deals?
• Scaling passively or actively and being creative in managing multiple properties
[14:35 - 21:16]
• Justin and his life in asset management and how he is able to manage day to day roles?
[21:20 - 32:11]
• What does Justin's team of asset managers look like and their business plan.
[32:19 - 31:54] Closing Segment
• Asking Justin Fraser the Adventurous Four
Memorable Quotes:
"We're actually building on a structure to, bring more people in that can help us with that. Like we're hiring employees and our model is not hire someone to go find the private equity farm.
It's hire someone to go find the next hundred people that will invest $50,000 with us, you know, and make those connections. With our base and the people like the people in our base and, and just build those true connections and show them there's an opportunity for them to invest in something that can make their lives better." - Justin Fraser
Explore more. Adventure awaits.
