Getting Your Numbers Right and Avoiding Stretchers with Jared Ash and Sid Shamim Pt.1

Dec 13, 2021

This is part 1 of my conversation with Jared Asch and Sid Shamim. Jared is the President and CEO of Firework Investments. Jared has worked for more than 20 years in public affairs and political consulting. He is a member of the Walnut Creek, California Transit Commission and he is on the Board of Advisors to the Contra Costa County Transit Agency. Jared has developed more than 218 MW of renewable energy projects and is LEED AP from the US Green Building Council and he also owns several investment properties in the Southeast. 

 

With him is Sid Shamim who is the Founder and CEO of Headway Capital Multifamily (HCMF) & Headway Property Management (HPM). His company owns and manages multiple multifamily assets in Houston’s key areas. Prior to finding his niche in commercial real estate, he had a decade worth of work experience in corporate oil and gas companies. Sid has over 10 years of experience in commercial real estate investment and his core team combined possess 100+ years of experience in real estate management. His expertise lies in strategic planning, business development, expansion and integration.  

Listen in on this episode as we talk about increasing prices and the value of properties in 3 to 5 years. Jared and Sid shares with us ways on how it is important to get your numbers right to avoid stretchers and get the value for your investment. Listen in!

[00:01 - 08:25] Opening Segment

• I introduce our guests for today
• Jared shares about his background
• Sid shares about his background 

[08:26 - 21:40] Things to look for in a deal to avoid stretching 

• Buying and holding instead of flipping houses
• Getting into B class properties in A class neighborhoods
• Successful stretchers is good for the location 
• How the Eviction Moratorium is putting brakes on the prices
• Must consider the right strategies and making the numbers work for you 
• Prices to be so far outpacing with inflation 
• Look for existing cash flow 

[21:41 -24:14] Closing Segment 

• Acknowledging that there are two sides to it 
• Importance of having good third party management 
• Connect with Jared and Sid through the link below
• Final words 

Tweetable Quotes:

 

“I'm not going to bet on forced depreciation and the market just continuing to go up at the rate it is climbing for the next three to five years, that's not a good strategy you need to have the numbers to work for you.” - Jared Assh 

 

“At the end of day, it’s just how you can manage your chances.” - Sid Shamim

 

 

Connect with Sid and Jared on LinkedIn! 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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