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Business, Life, and Coffee Podcast with Joey Price: Eddie Lorin on Everything You Need To Know About Real Estate Investment Trusts!

Business, Life, and Coffee Podcast with Joey Price covers life hacks and personal development tips for busy entrepreneurs. Each week, Joey Price, the CEO and founder of Jumpstart:HR, LLC, meets with business leaders and entrepreneurs, all thriving in different areas of expertise. Marketing, management, HR, finance, health…You name it! Guests share their success stories through meaningful advice and funny anecdotes, accompanied by useful life hacks and tricks of the trade. The conversations are educational, insightful and full of inspirational quotes, dedicated to help listeners determine their career path, build their brand and improve their business.

Click below to check out Eddie’s interview Episode 146 – Everything You Need To Know About Real Estate Investment Trusts!

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Simple Wholesaling Podcast with Brett Snodgrass: Eddie Lorin on Real Estate Apartment Investing and Creating Community

Simple Wholesaling podcast hosted by Brett Snodgrass supplies simple, yet effective content for real estate investors and business entrepreneurs. Get advice, tips, and tricks so that you can stay true to your values and achieve your dreams with real estate investing you can trust.

In this episode, you’ll learn:

  • Eddie’s origin story
  • Where he is right now and the number of units he owns
  • The difference between accredited and non-accredited investors
  • What he means when he says “value add”
  • Ways he adds value to his properties
  • Value add comes in 3 spokes—financial, environmental, and social returns
  • HAPI (Healthy Apartment Property Initiative)
  • Lessons for newbies
  • His goal of helping homeless people
  • Advice for people who invests in multiple areas in terms of organizing and keeping track of it all

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Eddie Quotes:

“Leave enough meat on the bone for your investors.”
“You can be poor but you got to be clean.”
“When people are alone, they tend to do bad things.”
“By changing their environment, you can change their lives.”
“You need to see something someone else doesn’t.”
“You need to do what others don’t do.”
“Everybody in society can either be a winner or a loser.”
“It’s all about your people on the ground.”
“Neglect brings problems regardless of what you’re doing in this world.”
“Just be careful that we don’t push people out.”

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 –>>

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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.

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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 –>>

Ambitious Entrepreneur with Annemarie Cross: Make a difference in the world WHILE making money

On the Ambitious Entrepreneur with Annemarie Cross Podcast, Eddie Lorin shares how can you make a difference in the world WHILE making money; the first of its kind Investment Opportunity “ Impact Housing REIT; and the Impact Meets Real Estate Investment Strategy.

The Ambitious Entrepreneur Podcast Network is the voice for Entrepreneurs and Small Business, featuring business experts, Thought Leaders, Disruptors, Innovators and Change Makers who are making a real impact in the world with their message.

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How You Can Help Fix Affordable Housing in America

Let’s fix affordable housing in America together. Every day across country, 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. So what can we do to help fix affordable housing in America?

Our Founder, Eddie Lorin, affordable housing preservationist, impact investor, and an Official Member of the Forbes Real Estate Council, explains to Forbes readers some ways we can help, and potentially earn financial returns along the way.

Go to Forbes Article –>>

 

Old Dawg’s REI Network Podcast: Investing in Affordable Housing with Eddie Lorin

Eddie Lorin joins Bill Manassero to talk investing in Affordable Housing with the Old Dawg’s REI Network Podcast on Episode 203. Listen to learn about Impact Investing (see blog post: What is Impact Investing?), what’s in it for investors who opt to do Impact Investing, how to invest in doing well by doing good without sacrificing sufficient financial returns, what are practical things real estate investors can do to help solve the housing crisis in this US, what is Naturally Occurring Affordable Housing (NOAH), how to cost-effectively transform neglected properties into safe, attractive, affordable places for low- and middle-income Americans to live, tips for inexpensively adding value to distressed property for maximum profit and understanding what the “Art of Real Estate Investing” is and more.

The Old Dawg’s REI Network was founded by Bill Manassero — a real estate investor who is using his business to create ample cash flow for his retirement, help support his nonprofit mission in Haiti and to create a legacy for his children.

The purpose of the Old Dawg’s web site, blog, newsletter and podcast is to provide valuable information and resources for others who seek real estate investing as their means to fund their retirement years.

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Show Notes->>

Impact at USC’s Price School of Social Innovation Annual Summit

USC’s Price School of Social Innovation’s Annual Summit Sponsored by Eddie and Jane Lorin https://www.uscsocialinnovationsummit.com

Eddie and Jane Lorin sponsored USC’s Price School of Social Innovation’s Annual Summit held Friday, April 27, 2018. Over 150 people in attendance included city agencies and key stakeholders in Los Angeles  covering non-profits providing services, Foundations, Donors, Developers and Educators. The agenda included panels titled “Housing the Workforce,” “Innovations to Increase the Affordable Housing Stock” and “Innovations to House the Homeless.”

The attendees broke into 15 groups in a workshop format to brainstorm solutions given 3 case studies. The format of the summit promoted great collaboration and a positive experience was enjoyed by all.

At the all day event, Lorin announced the first “NOAH” project (Naturally Occurring Affordable Housing) in conjunction with the City of Los Angeles which will take an existing 1920s apartment building in the East Hollywood district of Los Angeles and deem 50% of the property affordable in exchange for a property tax abatement.

These affordable units are anticipated to be reserved for supportive housing for the homeless with services and social work provided by the 20 year old non profit People Concern http://www.thepeopleconcern.org,  Health and Wellness programming on site at the property will be provided by the non-profit HAPI (Healthy Apartment Property Initiative founded in 2013 by the Lorins) which focuses on food insecurity and education https://www.hapiapts.org.

NOAH is an innovative concept Lorin proposed to the Los Angeles Housing + Community Investment Department (HCIDLA) in 2016 in order to pilot a Public/Private Impact Investment to provide another unique solution to the housing crisis.

By purchasing existing assets and deeming them affordable, the NIMBY (not in my backyard) deterrent to new development is eliminated along with the purchase of existing older properties costs as low as 40% of the replacement cost to build new. Lorin says he is pleased to be the first to launch this concept because “it just makes common sense.” Housing can be relatively immediate versus the 3 years it takes to build new.

 

Jane and Eddie Lorin are relentless in their pursuit to create new innovations to solve the housing crisis like NOAH. They have also sponsored the “Jane and Eddie Lorin Fellowship for innovative low income housing solutions” at USC’s Price School. The Fellowship will promote a competition for the most creative and inventive ideas for affordable housing.

Real Estate Investing for Cash Flow with Kevin Bupp: Building a Highly Successful Value-Add Syndication Business with a Socially Conscious Focus

Eddie Lorin sits down with real estate expert and serial entrepreneur, Kevin Bupp on his podcast Real Estate Investing for Cash Flow Episode #180 Highly Successful Value-Add Syndication Business with a Socially Conscious Focus.

Listen to learn about how Eddie is doing things differently with Impact Housing REIT, how value-add upgrades and free onsite social and wellness programming keeps residents happy and healthy (See Our Impact), how he’s preparing for the next generation and his plans for the $2 million renovation and management of the REIT’s first multifamily asset, a 143 unit “Naturally Occurring Affordable Housing” highrise in Silver Spring, Maryland (see Portfolio).

Eddie’s last golden nugget of advice: Never give up.

 

Listen Now ->>

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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.
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.