Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 64

possibilities for those looking to
move to the area.
Q: Where do you see Asam
properties in five years?
A: We have ambitious plans for the
company and hope that we turn
Asam Properties into a major land-
lord in both residential and com-
mercial properties throughout the
Florida region. As foreclosures dry
up and markets start to change,
we will be looking at opportunities
in new construction and devel-
opment. We think our investors
who have purchased, and will be
purchasing with us, will continue
to invest as we present additional
projects.
more conventional ways of get-
ting inventory which we have the
infrastructure to do so we can get
monthly inventory.
Q: Why should investors buy
in Florida?
A: Florida is a great market to
invest in for both cash flow and
future appreciation. As everyone
knows with the downturn of 2007,
Florida, like other western states,
previously had seen high appreci-
ation, but then the market fell out.
We feel because of this dynamic,
Yinan (Angela) Zhao
Yan Chen
‘As foreclosures DRY UP and markets
start to change we will be looking at
new opportunities in NEW
Construction and Development.’
Q: What entrepreneurs do
you admire and why?
We are going to pick two because
as a company we admire both
entrepreneurs.
Firstly, Sam Zell with Equi-
ty Residential. Being in the real
estate business, who would not
admire Mr. Zell, who is chairman of
the largest apartment real estate
investment trust. He came from
humble beginnings and worked
very hard to become successful.
He started in college managing
a 15-unit apartment building for
free room and board and gained
knowledge to start a real estate
company. By the time he graduat-
ed from college, Mr. Zell and his
partner were managing over 4,000
apartments and owned hundreds
of units outright, very impressive.
The second one is Jack Ma,
who is founder and chairman of
there is a lot of opportunity in the
market to still get quality proper-
ties, at lower prices than other
markets, and with a lot of poten-
tial. Florida has a lot of wonderful
factors that make it a great place
to park your money: We are see-
ing job growth, population growth,
great weather, beaches, and so
much more. The best part is that
Florida is still affordable, especially
compared to pricey California. In
fact, many California investors we
know buy in Florida for diversifica-
tion, and because of the similari-
ties the states have.
In Tampa, which is our primary
market, there are developments
like the Vinick-Cascade project
being built in downtown Tampa.
Plus, with the University of South
Florida and University of Tampa
in the area, education jobs are a
prominent part of the employment
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PAGE 64 • 2017

Alibaba Group. He is from main-
land China and is one of the most
successful business owners. He
never gave up and kept at it, until
he was super successful. He kept
trying regardless of so many disap-
pointments.
He is the first entrepreneur from
mainland China to be on the cover
of Forbes Magazine and had the
largest initial public offering in U.S.
history. I would say we admire both
of these entrepreneurs for their
determination to be successful and
never give up on their dreams be-
Continued on pg. 80

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