Today, our guest is Jack Krupey. Jack has been investing in real estate since 2001 and is part of a large PE fund, purchasing distressed mortgages since the 2008 crisis. During that time, he was also personally investing as a limited partner in various syndication deals. He recently launched his own Reg D fund, the diversified real estate fund focused on aggregating capital to provide investors a diversified investment into multiple syndications with a diverse portfolio of multifamily and various markets with a select group of experienced and well-qualified operators.
Our gracious sponsor:
Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally. To learn more about Trowbridge Law Group LLP, visit our website at www.trowbridgelawgroup.com or follow us on Facebook, Instagram, or Twitter.
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We dive into a relatively lucrative market as Jack talks us through the fund of funds sphere of real estate investing. We discuss the pros and cons of fund investing, concerns for investors, relationships, and Jack shares some must-know steps to creating a fund. Stay tuned for all this and more on your daily episode of the Real Estate Syndication Show!
Key Points From This Episode:
- More about Jack Krupey, his background, real estate, and getting into diversified funds.
- Jack talks about the pros and cons of having a fund versus investing in specific deals.
- Some of the biggest concerns that investors have when investing in funds.
- We talk relationships — while operating a fund versus being a limited partner.
- Jack shares steps to creating his fund and things fund newbies should know.
- Incentives for higher net-worth investors.
- Jack explains the three-year lock-up for fund returns as they are structured.
- How to prepare for a downturn when opening up a fund: Prepare to pounce on distress.
- Getting back out there: Best source for meeting new investors.
- Shamelessly self-promoting and how that has impacted Jack’s success.
[bctt tweet=”You got to do what you love, and I’ve had brief periods of time in my career where I wasn’t doing what I loved and was sort of just in it for the money or just to get paid. If you find your skillset where you actually enjoy what you do, it doesn’t feel like work and that that makes it easy to just stay driven and just keep producing. — Jack Krupey” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Jack Krupey
Jack Krupey is a seasoned real estate and distressed debt investor. He spent the last ten years focusing on the residential non-performing mortgage market and was the founder of a firm called PRP Advisors that merged with a large PE Fund and completed more than 3 Billion dollars in whole loan purchases to date. Currently, JKAM Investments participates with a select group of highly experienced real estate partnerships in the multi-family, self-storage, mobile home, and private lending industries. Clients and investors have the potential to invest in individual deals as well as participate in the JKAM Diversified Asset Fund which makes placements into many diverse projects. JKAM is actively participating in hard to find off-market opportunities targeting strong risk-adjusted returns. We provide investors access to deals with larger minimum investments that are exclusive to institutional partners. These alternative assets are opportunities for investors to earn passive tax-advantaged returns not correlated to the stock market.
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