Affordable Housing: The Hidden Real Estate Opportunity in 2025 | Morgan Keim
Millionaire Mindcast
Matt Aitchison
4.4 • 716 Ratings
🗓️ 11 August 2025
⏱️ 52 minutes
🧾️ Download transcript
Summary
In this episode of Money Moves, Matty A. sits down with Morgan Keim, real estate investor and founder of Ocean Ridge Capital, to explore the rising potential of affordable housing as both an impact and profit-driven real estate strategy.
Morgan explains how affordable housing differs from Section 8, what AMI (Area Median Income) means, and how to leverage underutilized assets like motels and multifamily properties into sustainable, cash-flowing communities.
This episode uncovers how government incentives, tax credits, and public-private partnerships can make affordable housing projects not only feasible but highly lucrative—especially in 2025 as policy and demographic trends converge.
What You’ll Learn:
- What qualifies as affordable housing (and what doesn’t)
- Why investor interest in this space is accelerating
- How to use adaptive reuse for affordable housing conversions
- The role of public programs, grants, and tax incentives
- Misconceptions that hold investors back from entering the market
- Why 2025 may be the best time to get involved
- Long-term strategies for impact-minded real estate investors
Timestamps:
00:00 – Morgan’s background in real estate and development
04:00 – Defining affordable housing and AMI
08:00 – Why the investment thesis for affordable housing is so strong
13:00 – Real-world conversion strategies and deal structures
17:00 – Funding: tax credits, grants, and city partnerships
21:00 – Addressing myths around tenants, turnover, and red tape
25:00 – Macro trends and why timing matters
29:00 – Final advice for investors who want to make a difference
Connect with Morgan Keim
- Website: http://www.oceanridgecap.com
- LinkedIn: https://www.linkedin.com/in/creativecapitalist/
- Instagram: https://www.instagram.com/creativecapitalist/
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Transcript
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| 0:00.0 | What's going on, guys? Welcome into the show. Today I am joined by Morgan Kime. He's the founder of Ocean Ridge Capital. And before he made a name for himself in real estate, which you can hear all about his |
| 0:21.3 | journey, Morgan was deep in the venture capital and startup world. He raised hundreds of millions |
| 0:27.0 | of dollars in the food and tech space. But what's fascinating is how he used his W2 income and his |
| 0:35.1 | job, his active income, to start investing and building wealth in |
| 0:40.2 | real estate, specifically an affordable multifamily housing. From his very first small deal, |
| 0:46.1 | which you're going to hear about, to some of the large multifamily deals that he is now doing |
| 0:50.9 | today. It's always fun to see where people start and where they're at. |
| 0:54.3 | And what's possible when you get a plan and you execute and work the plan? And he eventually |
| 0:59.9 | walked away from the hamster wheel, obviously, to help others do the same. So in this episode, |
| 1:04.6 | we dove into and talked about, of course, his journey from venture capital into real estate |
| 1:09.7 | and how he was able to make that happen. |
| 1:11.8 | The three types of leverage that unlocked to financial freedom. |
| 1:16.1 | I loved his perspective and outlook on that. |
| 1:19.0 | Why affordable housing is one of the most overlooked yet powerful asset classes |
| 1:23.0 | and really why this is a safe bet in investment, |
| 1:26.0 | if it's something that you're looking to invest in, |
| 1:28.5 | how he finds these undervalued properties, |
| 1:31.8 | what some of his favorite markets are, |
| 1:34.0 | that especially are ones kind of under the radar |
| 1:36.7 | that many investors are overlooking or ignoring, |
| 1:39.4 | and his thoughts on kind of the current times, |
| 1:42.1 | where we're headed, what's going on with interest rates, |
... |
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