Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 63

PROVIDER PROFILE
over 25 years’ experience in Residential and com-
mercial real estate. We have successful businesses
in China in Manufacturing, Real Estate development
and Tourism. Our core infrastructure will make Asam
grow into a large property development company.
C
urrently Tampa is one of the most enticing
cities; it lures investors from around the
nation and the world. ASAM Properties is
serving this Florida hot spot. The company
offers complete turn-key service, minimizing man-
agement headaches for investors and making the
real estate investment process simple and profitable.
ASAM Properties even has construction crews ready
to complete any renovation work necessary.
Once a property is made ready for tenants, Asam
finds quality tenants to place in the home, reducing
losses from vacancies and ensuring a steady income
stream. Whether an investor is just getting started,
or is looking to expand their existing portfolio, the
investment experts at ASAM Properties are ready to
help them take the next step.
We recently interviewed the owners of Asam,
Yinan (Angela) Zhao and Yan Chen, who are both
originally from China and now live in the U.S., to
learn about the opportunities in the Tampa market.
Q: How long has Asam been in business?
A: We started Asam about a year ago, as we saw the
market in the Tampa area rapidly growing and bounc-
ing back from the recession. Although our firm is only
about one year old the principals of the firm have
Q: How many partners consist of Asam?
A: There are two partners in Asam Properties, my-
self, Yinan (Angela) Zhao and my partner, Yan Chen.
We are both originally from China and now live in
U.S. We both bring years of real estate and business
experience to Asam. We have already operated nu-
merous successful companies. We know what it’s like
to manage employees and run day-to-day operations
to make a company successful.
Q: When was the last time you made an
investment?
A: Just last month Asam purchased an 18-unit apart-
ment complex that will undergo a complete and total
gut renovation and gear the building towards student
housing. For 2017, we are planning on keeping ap-
proximately 20% of all our purchases as investment
properties for our own portfolio.
Q: Why should I invest in Asam Properties?
A: We have experience in the local market we sell
properties in and we have a team in place that han-
dles everything for our clients, including acquisition,
different financing options, sale, construction and
management. Asam Properties has the right team in
place to make your property acquisition successful.
Q: Do you co-invest with others?
A: We do invest with others, most of our investments
have been with family members and close friends,
but as more and more opportunities present them-
selves we are open to joint ventures with clients that
we get to know and have the same goals in mind.
Q: What’s the market like in Florida?
A: The Florida market is very hot right now and is in
high demand. The rental and sales market is strong.
A year ago, we were buying properties listed on
the MLS, now that is far and few because of higher
prices and supply and demand. We must go back to
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PAGE 63 • 2017

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