Investor Profile
Almas and Asif (AJ) Jadavji
THE ENTREPRENURIAL SPIRIT
Prior to becoming independent HomeVestors® business owners, Almas and Asif (AJ) Jadavji already possessed the two main ingredients for success: THE ENTREPRENURIAL SPIRIT and WORK ETHIC.
While still living in Canada (they both have dual citizenship), Almas worked as an Accountant and later as an IT Director. However, both Almas and AJ came from entrepreneurial families and knew that eventually they would want to own their own business. In 2006, that opportunity presented itself when Almas and AJ moved to San Antonio, Texas, and along with Almas’ father, opened a Sprint store. That one Sprint store grew into twenty stores stretching from San Antonio to Houston. When the stores were at their peak, they decided to sell them. According to Almas, “In the first six months of my daughter’s life, I never once changed her diaper…my mother did all that. My career was so time consuming.”
A NEW BEGINNING WITH ZERO EXPERIENCE
While still in San Antonio, Almas and AJ attended a “franchise expo” where HomeVestors had a display. After listening to a presentation, they decided to give it a try. So, in 2015, Almas and AJ became HomeVestors independent business owners and started Raw Capital LLC. With absolutely zero experience in real estate, except for AJ being a huge fan of HGTV, they jumped right in with a positive attitude and a little apprehension. Their attitude was that “every failure was like a trial run, so let’s just trust the tools we’ve been given and follow the process.” Beginning a real estate career with a HomeVestors franchise, with little or no experience, is not uncommon. Many of the independent business owners came from the military or other private industries/sectors and built strong and profitable organizations.
Contrary to the advice of experienced mentors, Almas and AJ decided that their very first deal would be a “fix and flip” (probably an HGTV influence). They bought a house, rehabbed it, and then it took them a year to sell it. Having learned a lesson by not “following the process”, they then made a self-correction and proceeded to add 12-15 rental properties to their personal portfolio. “If I could do it again, I would follow the process from day one,” explained Almas.
Now, AJ does all the buying and Almas does the rehabbing. They have also started doing short-term rentals in addition to the traditional long-term rentals. Recently they began financing properties and hold the notes for passive income with no landlord headaches.
MOVING INTO 2021
Almas and AJ are extremely optimistic about 2021. Having just achieved their five-year milestone with HomeVestors, they have zero apprehensions moving forward. Even though there is a shortage of inventory currently in San Antonio which affects their ability to buy homes at a rate they’d like, the selling side of the business right now is very profitable.
Almas’ only regret is not having started sooner. “If we started this business sooner, we could have hit our goals sooner,” she explained.
The Jadavji’s advice to new investors entering 2021: “Don’t be scared, listen to people who know more than you, and trust the tools you’ve been given.”
HOMEVESTORS
What exactly does it mean to be a HomeVestors business owner? Owning a real estate business is life changing and naturally comes with risks! When you become a HomeVestors® business owner, you get immediate access to motivated seller leads, financing resources, one-on-one coaching with your local Development Agent, proprietary software for analyzing properties and deals, and access to a nationwide network of coaches and peers. Your house-buying business is yours and you run it as your own venture.
Almas, AJ, and their two children (Ayden, 12; Ariyanna, 10) currently reside in San Antonio, TX. If you wish to contact Almas, she can be reached at Almas.Jadavji@homevestors.com.
If you’re interested in a franchise, contact April Nealey at april.nealey@homevestors.com
Each franchise office is independently owned and operated.
