))
Deploying $50MM into Affordable Housing with Mario Brown - Co-Founder of Affordable Upstate
Manage episode 407463048 series 3560640
Contenu fourni par Jake Wurzak. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Jake Wurzak ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
Affordable Upstate is a real estate investment firm focused on redeveloping and redefining naturally occurring affordable housing in the Upstate of South Carolina.
In 2017 Mario co-founded Affordable Upsate, a small real estate investment firm, at the time with 63 units, that redevelops energy-efficient, multifamily apartment units. Since 2017 we have placed over $50MM of investor equity into socially responsible, environmentally-enhanced workforce housing investments.
On this episode, Mario and Jake discuss:
- The housing shortage in the southeast
- Mario's work in affordable housing
- Building a vertically integrated company
- Raising capital & deal structures
Connect & Invest with Jake:
Follow Jake on Twitter: https://twitter.com/jwurzak
Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/
Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo
Links:
Topics:
(00:00:00) - Intro
(00:03:51) - Greenville: The new Austin?
(00:06:57) - The housing shortage in the southeastern United States
(00:13:22) - The opportunity in Class B multifamily
(00:16:09) - Mario’s work in affordable housing
(00:20:47) - How are you assessing risk?
(00:25:47) - Mario’s journey into real estate
(00:28:10) - What advantage do you have investing in the market you live in vs. outsiders?
(00:29:36) - Making the entrepreneurial leap
(00:37:23) - Mario’s first deal
(00:41:36) - Value add
(00:43:07) - Becoming vertically integrated
(00:46:09) - What innovative ways have you chosen to run the operating business?
(00:49:56) - What’s a mistake you made when building the PM company?
(00:52:12) - Investing through Gps & building trust with investors
(00:55:41) - Deal structures
(00:57:56) - Raising capital
(01:01:30) - What is your competitive edge?
(01:03:31) - Construction & renovations
(01:08:48) - What’s your weekly work cadence?
(01:10:43) - What drains your energy?
(01:11:43) - What are your 3-year goals?
(01:14:00) - What is your favorite hotel?
86 episodes
Partager
