AREI 93: Building Healthy Relationships with Investors that lasts with Jared Asch
In this episode, Jared Asch tells us how he was able to build and establish healthy relationships with his investors that last and allowed his real estate investment portfolio to grow. Come join us and listen in!
Treating investors with respect, and friendship and always looking to protect their principal investment is essential to success as a syndicator. Two days before a deal was scheduled to close, Jared returned all of his investor’s money. At the last minute, he saw something he didn’t like and backed out of the deal. Returning millions of dollars to investors. Each investor received 100% of their principal back including reimbursing them for their original wiring fees. By putting investors first, Jared earned more respect from his investors who were happy not to lose their principal. Nearly all of those investors have invested with Jared in his subsequent deals. Jared has been building deep relationships across the country for decades. His superpower is that he can drive six hours from any point in America and he has someone that owes him a beer. Relationships must go deeper than asking about the weather. Do you ever get on a group conference call and people ask how the weather is? Are you surprised to find that in Minnesota it's cold in January or in Arizona it is hot in July? Relationships involve building trust and getting to know people beyond the weather.
Jared is the Partner in Crown Capital in charge of Building Relationships with Investors. Jared is a general partner and investor in a 134-unit apartment building in Houston, TX as well as a GP on apartments in Lubbock, TX, and Louisville, KY. He has been investing in real estate since 2017 and owns several rental properties in Memphis, TN.
In this episode:
[00:01 - 00:53]
• We welcome Jared Asch to the show.
[01:03 - 07:44]
• Jared Asch's background and how he started investing in real estate.
• Reanalyze along the way and calculated how he would get to his goals.
• Working full-time and doing real estate investing at the same time allowed him to get better deals and protect his investors.
[08:01 - 18:46]
• Struggles with being solo vs going on with a team in real estate investing?
• How Jared is organizing everything that involves in the deal?
• Special purpose vehicles? Having more control and how Jared and Crown Capital structure their funds?
• What was the most difficult part for him getting into real estate investing?
[18:52 - 26:15]
• What's next for Jared and Crown Capital? And what he is most excited about?
• What is his ultimate goal for his real estate investing journey?
• Asking Jared Asch the Adventurous Four
Memorable Quotes:
"Build a relationship with the people. The difference between investing passively in real estate versus a share on Facebook or Amazon is you could get to know them."
- Jared Asch
Explore more. Adventure awaits.
