Unlocking Wealth: Lucrative Cash Flow in Affordable Housing
What If It Did Work?
English - October 04, 2023 10:00 - 51 minutes - 35.1 MB - ★★★★★ - 396 ratingsEntrepreneurship Business Management Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Mat Simmons, a seasoned business veteran with 20 years of experience and a 12-year veteran in real estate and investing, is the founder and operator of SIM Capital Group. His perspective on "sim capital's strategy for lucrative affordable housing investments" is rooted in his belief that investing in affordable housing is a highly profitable venture. Simmons explains that their affordable housing portfolio generates a net income per door that is double the amount of their multifamily properties. He emphasizes their focus on buying properties in the B class range, typically priced between $7 million and $15 million, with 100 to 200 units. Additionally, Simmons mentions their affordable housing fund, where they buy single-family homes at a deep discount, renovate them, and place tenants with the help of the Housing Authority. This strategy, he believes, creates a win-win situation by providing quality homes for tenants and generating significant returns for investors. Join Omar Medrano and Mat Simmons on this episode of the What IF It Did Work? podcast to learn more about this lucrative investment strategy.
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