Affordable Housing with Eddie Lorin
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 co-founder 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!
http://www.strategicrealtycapital.com/about/bios.php
http://www.crowdstreet.com/wheelbarrow
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Also read: How to Invest in Subsidized Multifamily Housing
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