EP111: An unconventional journey: From Wall Street Insider to Being a Real Estate Entrepreneur - Jack Krupey
Welcome to another episode of Migrate2Wealth! In this insightful conversation, host Saket Jain sits down with guest Jack Krupey to discuss his fascinating journey from navigating the world of fix and flip, wholesaling, and buying short sales to finding a new path amidst the financial crisis of 2008. We dive deep into the unique experience of transitioning from Real Estate to Wall Street culture and back to Real Estate and discuss the impact of AI on jobs.
In this episode, you will be able to
- Opportunity to rebuild wealth by entering Wall Street culture
- Discussion on AI's impact on jobs
- Finding Passion and Monetizing Mission
- Distinction between retirement planning and living off cash flow from investments
- Importance of seeking feedback and advice
- How compounding investments can provide substantial returns over time
Key Moments in the episode are:
- 02:48 - Unplanned journey from real estate to Wall Street.
- 04:34 - Tax incentives attract population, boost economy in Puerto Rico.
- 09:12 - Private placement for passive real estate investors.
- 17:21 - Fear and long-term business plan in investing.
- 20:35 - Investors can make larger profits through community projects.
- 25:24 - AI impact on jobs: more opportunities, new industries.
About Jack
Jack Krupey is the Founder and Principal of JKAM Alternative Investments, an asset management firm focused on sharing private investment opportunities with accredited investors to help them grow their wealth without Wall Street. As JKAM’s visionary, Jack brings over 20 years of experience investing in off-market real estate. He started as a landlord of a modest multifamily portfolio in upstate New York and joined a private equity fund in 2008 buying distressed mortgages giving him a front row seat to the great financial crisis. Jack made a name for himself in the Distressed Mortgage Industry acquiring over 3 Billion in mortgages from the largest institutional players including Fannie Mae and Goldman Sachs. He later exited the fund in 2019 and moved to Puerto Rico to start JKAM Alternative Investments as a platform built around his personal real estate investments and network
Today, Jack specializes in tax efficient real estate syndications and other alternative investments vehicles. Jack is someone who thinks outside the box, and succeeds in identifying upcoming market opportunities across asset classes, proving to be ‘one step ahead’ of the rest. Jack believes that relationships are one of the cornerstones of his success, so in-between filming podcasts or visiting investment sites, he is often masterminding, making introductions, and building relationships with the industry’s most trusted middle-market operators across the globe
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Sponsors
Bangerter Financial Services, Inc
Do you want to retire from land-lording through passive real estate? Look no further than us – we are your go-to experts for 1071 Exchanges and Alternative Tax Strategies.
Call (801) 312-9482 or visit https://1031.bangerterfinancial.com/1031guy to learn more!
Sponsor Disclosure:
Securities offered through Concorde Investment Services, LLC, member FINRA/SIPC. Bangerter Financial is independent of Concorde. This is for informational purposes only, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Investments in real estate may be speculative, illiquid, and carry a high degree of risk – including the potential loss of the entire investment. Please consult the appropriate professional regarding your individual circumstance.
Jack Krupey
Owner
Jack Krupey is the Founder and Principal of JKAM Alternative Investments, an asset management firm focused on sharing private investment opportunities with accredited investors to help them grow their wealth without Wall Street. As JKAM’s visionary, Jack brings over 20 years of experience investing in off-market real estate. He started as a landlord of a modest multifamily portfolio in upstate New York and joined a private equity fund in 2008 buying distressed mortgages giving him a front row seat to the great financial crisis. Jack made a name for himself in the Distressed Mortgage Industry acquiring over 3 Billion in mortgages from the largest institutional players including Fannie Mae and Goldman Sachs. He later exited the fund in 2019 and moved to Puerto Rico to start JKAM Alternative Investments as a platform built around his personal real estate investments and network
Jack’s career has been defined by successfully navigating and pivoting during financial crises. Prior to investing in real estate, Jack was a witness to the effects of the Dot Com Bubble of 2001 when he graduated from college and work was scarce. Then in 2008 he was working on Wall Street when the Housing Market Bubble burst. These experiences led down a path of pursuing alternative assets, not just in the form of real estate, but also in oil and gas, private equity funds, private lending, venture capital and other niche asset classes as a way to diversify and be prepared for future economic turmoil. Additionally, Jack’s exposure to dozens of investments gives him a unique look at marke… Read More
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