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Cash Flow Diary Podcast: Eddie Lorin on Having a Vision in Real Estate

Eddie Lorin sits down with full-time real estate investor, entrepreneur, author, speaker, coach, all-around problem solver, and Cash Flow Diary podcast host, J. Massey, well known for providing best-in-class advice and strategies to help new and experienced investors the world over. In episode #478, Eddie shares his experience, his empathic observation of the working poor, opinion on the inflated housing market and his vision of wanting to make a difference in the world. Eddie’s mission is to provide clean, safe, and affordable housing for working class and to include all types of investors on his journey. He does this through Impact Housing REIT.

Having a vision in the real estate industry wasn’t the easiest road to take when he started in real estate. While trying to make a name for himself in the industry, there were so many bumps on the road he had to pass through. He learned that he had to be firm and also respectful to get his message across.

If one thing was made clear during those times, it was the fact that real estate is where he needed to be. At first, he tried dealing with commercial and industrial properties. But then he discovered that in multifamily business he can make a lot of money and at the same time help the masses. And thus, the birth of Impact Housing. Eddie says that his ultimate gift is having a vision in renovation. Just one look at an old property, he already knows how to turn it into something different. He says that he finds those properties through his connections or a brokerage community.

For the future entrepreneur who’s about to enter real estate, Eddie Lorin advises that you look for appreciative capital. Go for people who are going to appreciate you and what you do. Make sure they are on the same page as you do. Also, investing has more impact if people who are really in need will be the ones who’ll benefit.

If you’re still on the fence, Eddie says to let go and remember that fear is not rational. Whatever you’re compelled to do, if it’s sound and you’ve done your research, get ready to bounce and let go. If you don’t let go, it will keep you from being who you want to be.

Listen Now –>>

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How You Can Help Fix America’s Affordable Housing Crisis – Originally Published in Forbes

 

housing crisisEvery day across America, individuals and families are looking for clean, safe houses and apartments that are affordable, a term the U.S. Department of Housing and Urban Development defines as “housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities.” Homes that are affordable are a necessary and tangible asset for any adult or family to survive and thrive, but there simply aren’t enough of them to go around.

Federal Reserve findings indicate a growing percentage of renters are either cost-burdened or extremely cost-burdened by rising rents and stagnating incomes. The Joint Center for Housing Studies (JCHS) of Harvard University published a 2017 study that found more than one-third of U.S. households were rental units. The research further suggests that overall household growth will be strong over the next decade as larger numbers of the extremely large millennial generation move out on their own — therefore pushing the number of households in our country, higher.

So what can we do? Eddie Lorin, Member of the Forbes Real Estate Council, presents to ForbesCommunityVoice readers a few ways we can help fix the housing affordability crisis (and potentially earn financial returns along the way).

Read Forbes Article –>>

Download PDF Version –>>

Cash Flow Connections with Hunter Thompson: How Eddie Lorin Raised His Capital for Affordable Housing Through Reg A+

Since the jobs act of 2012, there have been many changes to securities laws. One of these changes has resulted in companies being able to raise capital through non accredited investors without going through the entire IPO process. The rule is called Reg A+ and although it is relatively new to the real estate sector many companies are utilizing the Reg A process to raise capital.

In this episode we discuss…

-What the whole Reg A+ process has been like
-The costs associated with the Reg A+ process
-The time associated with the Reg A+ process
-The key takeaways that our guest has learned by going through the Reg A+ process
-What our guest anticipates for the future
-The multifamily sector as a whole

Staying up to date on the new rules and regulations can help bring in capital from new places that may not have been possible before. Learning about these rules in depth will create a better understanding of how to utilize them and become successful in obtaining capital from new sources.

Listen Now –>>

The Cash Flow Connections Real Estate Podcast provides insights into the intricacies of commercial real estate investing through interviews with some of the leading investors, sponsors, and managers in the U.S. The program centers on cash flow focused asset classes such as mobile home parks, self-storage, multi-family, and office, but virtually all types of real estate transactions will be covered. The podcast is hosted by Hunter Thompson, founder of Cash Flow Connections and full-time real estate investor. Cash Flow Connections is a private equity firm that assists accredited investors achieve diversification though recession-resistant real estate.

Subscribe to the Podcast –>>

Impact Housing REIT, LLC.
$1,000
Minimum
Quarterly
Dividend
A reservation is not an investment. A reservation is non-binding and you will need to confirm your reservation when Impact Housing REIT, LLC offering is live to invest. By making a reservation, you are requesting an allocation in Impact Housing REIT's upcoming offering. A copy of the Preliminary Offering Circular may be obtained here. A reservation is non-binding and you may change the amount at any time. Reservations may be accepted in whole, or in part, or not at all by Impact Housing REIT. If granted, you will be asked to confirm your investment once Impact Housing REIT's offering has been qualified by applicable authorities and the fundraise has officially begun.


Disclaimer
Impact Housing REIT, LLC will invest in multifamily properties, income-producing real estate, a market that may produce returns that are different than the returns an investor could expect from other markets, including the stock market. Before our Sponsor receives anything, investors are entitled to a 7% annual return on their investment. Note: There is no guaranty that investors will receive any return on their investment, or get their capital back. In the last 5 years, the Sponsor has completed 28 projects (totaling 40 multifamily properties) which have achieved an average annual cash on cash return of 8.55% and an average project IRR of 24.74%. For more information about the Sponsor’s track record, see the Offering Circular, here. However, Impact Housing REIT, LLC is itself a newly formed company with no historical data of returns, and there is no assurance that it will achieve comparable success. The results that the Sponsor has achieved in the past do not guaranty that it will achieve similar results in the future. Like any investment, there is the potential to lose some or all of your investment. The ability to make distributions will depend on the availability of cash flow each quarter. There is no guarantee that we will be able to make a distribution in any given quarter. For a list of the most significant risks, click here.
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Under Contract: Maryland
* Highrise with spectacular views
* Twelve Floors, 143 Units
* Built in 1969
* Strong 96% Occupancy
* Naturally Occurring Affordable Housing
* RUBS / Water Conservation Potential
* Purchase Price: $7m to $8m
*Note that this property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
Target: Colorado Springs
* Mountain views
* Near commercial district
* 64 Units
* Built in 1967
* New roofs recently installed
* Units currently renting below market
* Purchase Price: $5m to $6m
*Note that this property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
Target: Mesquite, Texas
* Strong submarket: 96% Occupancy
* Located in suburb just outside of Dallas
* Multifamily, 190 Units
* Built in 1959 -1972
* New roofs recently installed
* Renting at 25% - 50% below market
* Purchase Price: $8m to $9m
*Note that this property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
Disclaimer
Impact Housing REIT investments are expected to be spread throughout the United States. The Manager expects Impact Housing REIT’s investment portfolio to consist of direct equity interests in individual properties. The Manager will generally target equity investments ranging from approximately $3 million to $10 million. Note that these properties may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that these specific properties will end up being one of the multiple assets owned by the fund or that investors will receive any return on their investment, or get their capital back. In the last 5 years, the Sponsor has completed 28 projects (totaling 40 multifamily properties) which have achieved an average annual cash on cash return of 8.55% and an average project IRR of 24.74%. Past performance cannot guaranty future results. For information on our Sponsor’s track record, see the Offering Circular, here.