Fund Investing with Jack Krupey – Episode 148

Belk on Business

Fund Investing with Jack Krupey – Belk on Business – Episode 148

Jack Krupey has been investing in both real estate and distressed debt since 2001. He has built long term relationships with experienced real estate developers, sponsors, and syndicators over his 20-year career. Jack leveraged the 2008 financial crisis as part of a private equity fund that yielded impressive returns off of distressed and restructured debt. He repositioned properties as well as modified and restructured loans for borrowers.

In 2014, Jack entered into a partnership with a large private equity fund and led the asset management arm of the firm that made over 3 billion dollars in purchases of non-performing and re-performing mortgage debt between 2015 and 2019.

An entrepreneur by nature, Jack decided to start JK Asset Management to focus on alternative assets such as value-add multifamily real estate. He then launched the JKAM Diversified Real Estate Fund in September 2020 and is launching a 2nd Diversified Fund in 2022.

Connect with Jack: https://jkaminvestments.com/

1) Tell us about your journey into the world of private equity

2) Why did you decide to start your own fund as opposed to working for another fund company or fund manager?

3) What types of assets do you put into your funds?

4) How does someone setting up a fund go about finding assets, whether nonperforming notes, performing or distressed properties?

5) Why would someone want to invest in a fund as opposed to purchasing a property themselves?

6) What are some of the potential tax benefits someone could receive from investing in a fund (high W-2 income, real estate professional, passive v. active investing/funds)?

7) Many investors get into funds for the tax benefits in year one and for the quarterly payments. Others are looking for a place to put 1031 money, others looking to invest the funds and either looking for appreciation and/or quarterly payouts. How does one go about finding the best place to have this conversation and find a fund that aligns with their financial goals?

8) You’ve worked with entrepreneurs from those operating a startup, to those running a profitable 7, 8 or 9 figure business. What are the top reasons you’ve seen on why a business will succeed or fail?

9) What is the best way for people to connect with you?

Subscribe on these platforms:

Apple Podcast: https://apple.co/2Zp6hgj​​​​​​​​​​​​ ​

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Stitcher: https://bit.ly/34aRgO2​​​​​​​​​​​​

YouTube: https://youtu.be/luGC529ET4A