Refitting Professional Skills – Project Manager To Asset Manager – Justin Fraser
Justin Fraser is an apartment syndicator, asset manager, and real estate investor responsible for managing multiple apartments across the country.
Justin Fraser has been a real estate investor since 2014 when he bought a single-family home as a rental property. For years Justin flipped houses and owned single-family rentals until May of 2018, when 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. He found some excellent partners and is an active member of 6 apartment complexes holding over 1000 units. Justin built an asset management business, responsible for running the business 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. His goal is to share insights, tips, tricks, and best practices through storytelling by real asset managers and owners.
[00:01 – 02:15] Opening Segment
Justin shares what keeps him busy these days
[02:16 – 10:31] Justin's Story
Justin talks about how his journey started and how it led to where he is today
Found success in the corporate scene
Discovered the potential in real estate and fell in love with it
The importance of having a supportive spouse
[10:32 – 20:14] From Project Manager to Asset Manager
Flipping houses while working full-time – how Justin manages to pull it off!
Find the right partners! Justin discusses why.
Losing his job became an opportunity for him to dive into real estate full-time.
[20:15 – 27:26] Add Value
Become someone that could be of value to others. Hone your skills and show them.
Don't just wait for people to ask you for help. Show them that you have what it takes.
[27:27 – 38:43] Asset Management
Justin demystifies people's misconceptions about asset management
He talks about the true role of an asset manager
Pursue your passion, but don't let it be your downfall.
Justin talks about the biggest challenges in his career so far
[38:44 – 44:42] The Contrarian 3-Pack
What would you say is the most contrarian investment you've made?
Investing my time in becoming an investor. No one in my family has invested before me.
What's your favorite activity to do with your friends and family outside of work?
We love to go outdoors - camping and hiking.
What actions, whether within work or family, offer you the most fulfillment in life?
Seeing my sons grow and seeing their curiosity about life.
Connect with Justin. Links available below.
"Whatever you are looking to get into…find someone that's doing that and do what I did. Be around. Be available. Don't just blindly say, 'hey, let me know if I can help you,' but figure out how you can help them." – Justin Fraser