Real estate investing may not be the obvious choice for tradespeople, but their understanding of the daily expenses involved in maintaining and running properties gives them a unique edge. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Jered Sturm, co-founder and CEO of SNS Capital Group. Based in Cincinnati, Ohio, SNS Capital Group is a private equity investment firm dedicated to creating wealth through real estate by acquiring and operating large apartment communities.
Jonathan and Jered begin their conversation by exploring Jered’s exposure to real estate during high school and the competitive advantage his natural aptitude for trades gave him. They discuss how a house hack helped Jered launch his real estate investing career, his early cash purchases, and his challenges in investing in larger multifamily apartment buildings. Jered highlights the benefits of establishing a successful track record before borrowing and shares the pivotal transition points in his career. He emphasizes the importance of understanding competitive advantages, knowing your capacity before hiring a team, and the key components he seeks in value-add assets.
Jered shares with Jonathan how to evaluate properties for improvements that could force appreciation and explains his choice not to hire outside property management. Finally, Jered reveals why he focuses on the Cincinnati market and the benefits of maintaining a process-focused approach rather than solely aiming for growth percentages.
If you have a trade background and are wondering whether or not that’s a valuable skill in real estate investing, Jered Sturm’s story outlines how beneficial those skills can be.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/155.