There is a huge demand for affordable housing. Not only is it scalable and recession proof, it actively adds value and impacts communities. Take it from Jesse Futia. Jesse is a US Army Ranger and a commercial real estate investor. His focus is on Commercial and Residential Real Estate Investments especially in the multi family student housing space. He also pursues investments in Apartment Complexes, Mobile Home Parks, and Assisted Living Complexes. With a relentless, US Ranger like pursuit of having 1,000 units and 1,000 Pads under management within five years, Jesse is one to look out for.
[00:01 – 06:31] Opening Segment
Jesse gets right into his background and his investments in affordable housing
Examples through MHP
[06:32 – 16:55] Empathetic Capitalism: Scaling Through Affordable Housing
The value of scaling with affordable housing
Low payments, high cash flow, with value add
The empathetic capitalist - you don’t have to be a slumlord
Creating scenarios where everybody wins
Example from my own experience
[16:56 – 30:10] Change Your Mindset and Put in the D*mn Work
Comparing my deal to Jesse’s MHP asset class
Value add potential and demand
Jesse talks about going from single family to multifamily
Change your mindset and put in the work
Bringing the Ranger mindset into real estate
Doing what others will not
Do not quit
[30:10 – 34:27] Summary
Final advice, and words from me and Jesse
Tweetable Quotes:
"We want to create scenarios where everybody wins. We win, the tenants win, the municipality or the city wins… empathetic capitalism is very crucial.” - Jesse Futia
“I don’t want to be a landlord, I want to be an entrepreneur - how do I do that? I need to scale to larger commercial assets.” - Jesse Futia
“There’s no quit, there’s no stop, and you have to be willing to do what others will not.” - Jesse Futia
Resources Mentioned:
https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151 (Who Not How)
You can connect with Jesse on https://www.linkedin.com/in/jesse-f-ba54b9147/ (LinkedIn) and continue the conversation.
Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google).
Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube)
Tune In and Become Recession Proof!