Refitting Professional Skills – Project Manager To Asset Manager – Justin Fraser

Contrarian Cashflow

Apr 19 2021 • 44 mins

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.

Tweetable Quotes:

"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

You can follow Justin on Instagram, Twitter, or...