PP 460: Eddie Lorin, Founder of Impact Housing REIT

“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.

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

Eddie shares with @thekimsutton 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. http://www.thekimsutton.com/pp460 #positiveproductivityClick To Tweet

Quotes

2:00 “A happy resident will stay, pay, and refer their friends.”

7:41 “We all stumble upon things in our lives. We just try to figure out what we do best, and what feels good in your heart and your gut, and you do what you do.”

12:13 “Just because you lost in business doesn’t mean you lost as a human being and don’t deserve a clean, safe, affordable place to live.”

27:29 “Everybody thinks real estate is about finding good deals. I argue that good deals are made, not found.”

Episode Transcription

Coming soon!