Affordable Housing with Eddie Lorin

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 7 December 2017

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Eddie Lorin co-founded Strategic Realty Capital as a culmination of his 25 years experience in investment real estate. Since 2008, SRC has purchased close to 10,000 units in over 40 transactions and has built a strong performing portfolio. All of SRC’s apartment assets were purchased opportunistically and successfully re-positioned into thriving communities. Lorin is also cofounder of the 501c3 HAPI Foundation which was developed to promote health and wellness in apartment communities. In this episode, Eddie Lorin discusses that through his REIT company Impact Housing, millennials can now get into investing in the market at much lower entry capital requirements. He talks in great depth about HUD and gives us his take on how the new tax reform bill may affect the Affordable Housing Act. Top 10 -Entrepreneurship -$12k per door -Market sophistication -Starting with signage -$100 per door lifts -IRR metrics -Low income housing -Recession resistant -Buying for cashflow -And much more! https://impacthousing.com http://www.strategicrealtycapital.com/about/bios.php www.crowdstreet.com/wheelbarrow Jake and Gino Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/us/podcast/jake-gino/id1025080737?mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post! Also, please leave an honest review for our Podcast on iTunes. Ratings and reviews are extremely important to our show and help in our rankings. Please leave a review if you find value in our show! Click here to learn more about our multifamily educational platform: Multifamily Mastery - https://jakeandgino.mykajabi.com/offers/tw3qfTWN If you have any questions, please email me at gino@jakeandgino.com If you would like to partner or invest with Jake & Gino, please fill out this form: Investor Form - https://invest.randpartnersllc.com/accounts/register/

Transcript

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0:00.0	Welcome to the Wheelbarrow Profits Podcast, where you get multifamily investing made real.
0:06.8	Learn from top players in the real estate investment world as they share their secrets with you
0:11.7	and discover proven strategies on apartment investing that actually work.
0:16.2	To learn more about wheelbarrow profits, visit jake and gino.com your one-stop shop for everything multi-family
0:23.9	now to your host jake and gino hello everybody this is jake sendsiana host the wheelbarrow profits
0:30.5	podcast here with my co-host the multi-family mentor the coach the chef the father of six the best-selling
0:34.7	author the g daddy g-dano barbara gino how's going stenziano i'm doing
0:39.5	good how you doing man just trying to uh just to you know keep pushing these deals through make it
0:45.3	happen and uh you know that's about it loving love and love and shout to the folios for the beautiful
0:49.4	knives they sent after the live event i know you got a set as well yeah he did a great job
0:53.4	awesome present thank you it was great very much so, before we get started, let's give a quick
0:57.9	shout out to our sponsor, Crowd Street, who knows you don't have to know a guy to find a
1:02.0	quality commercial real estate investment opportunity. Learn more at Crowdstreet.com backslash
1:07.2	wheelbarrow and for visiting their site, they're going to give you a free guest today's
1:11.5	guest is eddie loren eddie is a 30 year multifamily veteran and the founder of impact housing
1:17.1	a real estate investment trust since 2001 their team has successfully purchased and transformed
1:22.3	more than 40,000 apartments nationwide wow that's a big number so that. So that further ado, Eddie, welcome to the show.
1:28.3	Thanks for having me.
1:30.3	Hey, hey, thanks for being here. How did you get into multifamily and how did you, you know, start this, this impressive business?
1:37.3	Well, I started in most of the food groups when I got out of UCLA. I actually began doing the office and then I went into
1:45.5	industrial, ended up in retail, and triple net lease investments. And I found that a lot of those
1:51.8	are really hard as an individual or as a small company to be able to compete with. So 10 improvements,
	...

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