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During his 30-year career, Eddie Lorin has been responsible for the acquisition of more than $3.7 billion in office, industrial and apartment community assets nationwide. Prior to founding Impact Housing.com, he founded its Sponsor, Strategic Realty Holdings, LLC, as a culmination of his years of experience in investment real estate and as an offshoot of Strategic Realty Capital (SRC), which he also co-founded. Since 2008, SRC has purchased over 15,000 units in more than 70 transactions valued at over $1 Billion, and has built a strong performing portfolio. All of SRC's apartment assets were purchased opportunistically and successfully re-positioned into thriving communities. Prior to forming SRC, Eddie Lorin led the acquisition of 110 properties; 25,000+ units contained in over $2 Billion in real estate for large national apartment company; handled over $700 million in transactions involving Class A office buildings and retail space for Douglas Emmett/Jon Douglas Commercial; and spent 8 years in asset management and development of 5 million square feet of shopping centers and industrial complexes for private Los Angeles investors. Eddie Lorin is also the co-founder of the 501C-3 non-profit HAPI Foundation, which was created to promote health and wellness in apartment communities. He earned his bachelor's degree from the University of California, Los Angeles and has been a licensed real estate broker since 1988. What you'll learn about in this episode: How a difficult background and family loss prompted Eddie to get into the real estate industry How Eddie and his team got into the distressed property market and carved out a specialized niche Eddie's strategy for making affordable upgrades to units and then turning a profit while cutting costs How Eddie's HAPI (Healthy Apartment Property Initiative) organization benefits the communities in which his business operates Why Eddie outsources his apartment management and organizes his small team of employees and how his business benefits Eddie's advice and recommendations for people who want to enter the multi-family real estate business and how to invest with his team How “area median income” is used to determine whether or not housing is affordable based on local income averages How Eddie dealt with and overcame challenges in his career and details from his greatest career success How Eddie is working to help alleviate the homelessness crisis in Los Angeles Why Eddie considers the world to be his mentor and why he learns from all his relationships and interactions Resources: elorin@impacthousing.com SmartRealEstateCoachPodcast.com/ImpactHousing SmartRealEstateCoachPodcast.com/StrategicRealtyHoldings SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
Business, Life, & Coffee | Entrepreneurship, Life Hacks, Personal Development for Busy Professionals
This week, we’re joined by Eddie Lorin, a 30-year multifamily real estate veteran, focusing primarily on value-add and/or under-performing multifamily properties nationwide. Eddie co-founded the HAPI Foundation 5 years ago with his wife Jane, and is currently working on promoting health and wellness in disadvantaged apartment communities. Our topics include: The vision behind the HAPI Foundation, their mission and their goals. What is the purpose of a real estate investment trust? How is Impact Housing transforming neglected properties into triple bottom lines for their investors? What can you do to help fix the affordable housing crisis? Eddie’s tips on how to make it in today’s business world! What's Next? Learn skills that will make you the sharpest person in the Boardroom: https://humanresources.teachable.com/ Like This Episode? Leave a tip! Learn More: https://www.patreon.com/blc --- Listen: iTunes | Podbean | Spotify Connect: IG | T | FB | Website | Sponsor Music: http://www.bensound.com/royalty-free-music --- This episode is powered by Jumpstart:HR, LLC HR Outsourcing for Small Businesses and Startups: http://www.jumpstart-hr.com
During his 30-year career, Eddie has been responsible for the acquisition of more than $3.7 billion in office, industrial and apartment community assets nationwide. Since 2001, he has successfully purchased and transformed more than $3 billion worth of multifamily real estate (acting as either Principal or Advisor) amounting to more than 180 thriving communities with approximately 40,000 apartment units nationwide. Eddie also co-founded the HAPI Foundation, a 501(c)(3) organization that brings education and sustainable health, nutrition, and fitness programs directly to the doorsteps of children and families living in multi-family apartment communities. Eddie’s newest real estate venture, Impact Housing REIT, is on a mission to deliver good financial, social and environmental returns to investors, while providing more affordable, better quality housing, as well as HAPI-sponsored free health-related education, fitness, gardening, and nutrition programs to residents and families living in apartment communities. The fund is currently raising capital to purchase the first “naturally occurring affordable housing” apartment community in its portfolio, which is a high rise in silver spring, MD Recommended Resources Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
FAR 127 Expected Air Date: 03/8/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. We bring you news, trends, markets, and we feature people who are getting it done in this industry. Coming up today is Eddie Lorin. During his 30-year career, Eddie Lorin has been responsible for the acquisition of more than $3.7 billion in office, industrial and apartment community assets nationwide. Since 2001, he has successfully purchased and transformed more than $3 billion worth of multifamily real estate (acting as either Principal or Advisor) amounting to more than 180 thriving communities with approximately 40,000 apartment units nationwide. Eddie Lorin also co-founded 501C-3 non-pro t HAPI Foundation, a 501(c)(3) organization that brings education and sustainable health, nutrition, and tness programs directly to the doorsteps of children and families living in multi-family apartment communities. Eddie’s newest real estate venture, Impact Housing REIT, is on a mission to deliver good nancial, social and environmental returns to investors, while providing more a ordable, better quality housing, as well as HAPI-sponsored free health-related education, tness, gardening, and nutrition programs to residents and families living in apartment communities. The fund is currently raising funds to purchase the rst “naturally occurring a ordable housing” apartment community in its portfolio - a high rise in Silver Spring, Maryland. Announcements: Call in to our comments line! 404-369-1018, extension 1. Leave your message. Contractor Fails Stories. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Follow us on Twitter and Instagram @FlippingAmerica Check out FlippingAmericaNetwork.com. News: https://www.realtor.com/news/trends/20-hottest-markets-real-estate-u-s-february-2018/ http://www.miamiherald.com/news/business/real-estate-news/article203880569.html https://boingboing.net/2018/03/07/down-cad105k.html http://www.chicagonow.com/getting-real/2018/03/chicago-real-estate-market-huge-decline-in-february-contract-activity/ https://www.prnewswire.com/news-releases/improved-residential-real-estate-market-produces-strong-results-in-john-dixon-auction-300610214.html http://www.nreionline.com/finance-investment/more-foreign-capital-flowing-real-estate-debt-funds https://seekingalpha.com/article/4154248-real-estate-trade-war-consequences-housing https://therealdeal.com/2018/02/21/how-artificial-intelligence-is-changing-real-estate-investment/ Special Guest Eddie Lorin
Eddie recently launched a brand new crowdfunding REIT, with an emphasis on vision. Eddie and his company take apartment communities and completely overhaul them into super nice communities, from C+ to B+. They want people to wish they could afford living at their communities, only to find out they actually can! We’ll hear a lot of higher level commercial and residential investing tips today, including how to set up a crowdfunding REIT. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Good deals are made not found” - Eddie Lorin Eddie Lorin Real Estate Background: - Founder of Impact Housing, a new crowdfunding REIT - 25 years' experience in investment real estate - Since 2008, SRC has purchased close to 15,000 units in over 40 transactions - Handled over $700 million in transactions of Class A office buildings and retail space - Co-founder of 501c3 HAPI Foundation, was developed to promote health and wellness in apartment communities - Based in Los Angeles, California - Say hi to him at - Best Ever Book: How to Stop Worrying and Start Living Made Possible Because of Our Best Ever Sponsors: Are you looking for a way to increase your overall profits by reducing your loan payments to the bank? Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings. Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.
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 cofounder 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! https://impacthousing.com http://www.strategicrealtycapital.com/about/bios.php www.crowdstreet.com/wheelbarrow Jake and Gino Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/us/podcast/jake-gino/id1025080737?mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post! Also, please leave an honest review for our Podcast on iTunes. Ratings and reviews are extremely important to our show and help in our rankings. Please leave a review if you find value in our show! Click here to learn more about our multifamily educational platform: Multifamily Mastery - https://jakeandgino.mykajabi.com/offers/tw3qfTWN If you have any questions, please email me at gino@jakeandgino.com If you would like to partner or invest with Jake & Gino, please fill out this form: Investor Form - https://invest.randpartnersllc.com/accounts/register/