“Everybody thinks real estate is about finding good deals. I argue that good deals are made, not found.”
Eddie Lorin, the founder of Impact Housing REIT, tends to the under dogs, as he is one himself. By putting himself through UCLA and becoming successful in real estate he has the ability to transform neglected apartment communities into affordable treasures. Eddie shares with Kim that his goal is to make sure that all people have the opportunity to make a difference, your net worth is not your self-worth, and how he is able to manage 3-4,000 units that he owns.
Get the show notes, transcription and resources mentioned at https://thekimsutton.com/pp460
Highlights:
00:48 An underdog at heart
5:20 How Eddie began his business
10:47 The stigma with income based rental communities
17:42 Eddie’s goals
20:25 Anyone can invest now- not just the wealthy
23:08 The management of over 3,000 units