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The Rich Somers Report

Investing in Affordable Housing & Is the Middle Class Mindset “Intentional”? | Karl Gorman E89

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 28 September 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Rich sits down with Karl Gorman — the founder and CEO of GLH LLC; Managing Partner of Valhalla Capital; Co Founder of Black Future Foundation and board member of The University Club Atop Symphony Towers. Karl has been recognized as Top 50 Most Influential leader and has over 20 years of Corporate American experience where he worked for a few of the largest financial institutions in the world. He’s currently working on a $3B international lending company and running several multiple million do...

Transcript

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0:00.0

In a C neighborhood we did 10 duplexes and so my partner at the time that was going to be a JV on that deal said,

0:08.0

so how this is how we do it. We kick everybody out and then we go in we fix it up and then we you know we sell it off or we

0:13.8

rent it out and I said well why do we have to kick everybody out let's just

0:16.6

leave them in place we fix up the outside put them in extended stay while we're

0:20.6

doing the inside took us six weeks to do the inside we put all those

0:23.9

people back stabilize the asset and then when I was going back to take video of

0:28.6

the asset I know lady came off to of, she was probably, you know, late 50s, early 60s, and she

0:36.6

said, are you GLH?

0:38.5

And I said, yeah, and she says, are you Carl?

0:40.6

And I said, yeah, what do we screw do we screw up and she said no thank you

0:44.6

for changing the community. Welcome to the Rich Drummers report where we talk

0:49.1

real estate business and wealth building all while keeping it real no No fluff, no BS. I hope that you enjoy

0:55.0

the show.

0:57.0

All right guys, welcome to another episode of the reports. Today, I got someone who specializes in affordable housing.

1:06.5

He just picked up 2,000 vacant lots

1:09.2

in the city of Cleveland to build out affordable housing.

1:12.3

I got my man, Carl Gorman. Welcome to the show affordable housing. I got my man Carl Gorman.

1:14.0

Welcome to the show, Carl.

1:15.0

Thank you man. Thank you for having me. I'm a big fan of yours.

1:17.4

So before we get started with anything, I just want to say thank you for having me and

1:21.1

I've watched your success and you grow and keep doing what you're doing, man.

1:25.8

I appreciate your man.

...

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