Jack Krupey is an experienced real estate executive for more than 20 years. He is the Founder/CEO of JKAM Investments, a company providing access to private advisory services for real estate and alternative investments.
Jack focuses on investment and management of different asset classes. Previously a real estate broker, wholesaler, landlord, and Wall Street employee, he transitioned to offering passive investing opportunities to accredited investors.
Throughout his career, Jack expanded his connections. Today, his vast network is composed of long-term relationships with skilled real estate developers, sponsors, and syndicators. Some appear on this podcast to share the valuable lessons from their own investments.
Episode Highlights Here:
Jack
If a mistake is made, it becomes a very, very, very expensive mistake.
Jessica
What’s your biggest frustration when it comes to the 1031 exchange or the capital gains tax deferral options?
Jack
Yeah, it’s, there’s really not one central place to get all the answers. And, you know, we just went through a review of one the other day where there was some owner financing involved. So, yeah, it’s just I know a lot about a lot, but not enough. And, you know, there’s always some catch or something you didn’t think of. So it’s just really, you know, just good, good to have experts that are, you know, hyper focused on those structures to make sure that, that, you know, things are structured the right way. Because if a mistake is made, it becomes a very, very, very expensive mistake.
Jessica
Yes, it does. And that’s a lot of what we do here. Capital Gains Tax solutions. Look, I love I’m a financial planner, and I love real estate as part of a financial plan. I think it makes a lot of sense. And it does serve to some extent as an alternative investment. Right. Although it’s gotten a little cliched, it’s gotten a little overstated. But I do love it. But 1031 is complicated. And it’s hard to get all the answers in one place. And what if you aren’t? What if you aren’t an LLC, and now you need to tip and all the letters and all the lawyers and all the steps and the dates and all of that. And we’re now you know, helping clients navigate that all the time. And then we use the deferred sales trust frequently to continue to defer capital gains, just like you were saying, we’re trying to get clients out of toilets and trash and tenants and you know, managing that property, so many of them are on the verge of retirement or what I call phase three and want their lives to be simpler. And so how do you do that and still continue to get good income and lower your tax bill so that you know at the end of the day, you have more money to buy a gallon of milk and travel the world whatever it is that you want to do. So if anybody wants to learn more about that they can go to lending financial.com or capital gains tax solutions.com mentioned that you hear this on the podcast, and we can talk more about that.
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About Jack Krupey
Jack Krupey, experienced real estate executive focused on investment and asset management of a broad spectrum of asset classes. Ten plus years of distressed debt experience purchasing non performing loans ranging from GSE and major banks to originators.
Since 2001, I have been investing in both real estate and distressed debt. I have built long term relationships with experienced real estate developers, sponsors and syndicators over my 20 year career. During the 2008 financial crisis, I was part of a private equity fund buying distressed and restructured debt and made great returns both acquiring and re-positioning properties as well as modifying and restructuring loans to create a win-win with the borrowers.
In 2014, I entered 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.
Recently completed a Dual MBA Kellogg School of Management and Hong Kong University of Science and Technology
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