Description

Affordable housing is a largely overlooked niche in the real estate asset management space. Our guest today invites us to think again! Denis Shapiro started an investment club in 2019, is the founder of SIH Capital Group, and author of The Alternative Investment Almanac. His focus is primarily on affordable housing and, in this episode, he spills some enlightening affordable housing secrets! We discover the important distinction between affordable housing and workforce housing, as well as the unique underwriting process for the former. Denis explains what small market rent arbitrage is and how it works, and how to control expenses in the early stages of an affordable housing deal. Tune in for this eye-opening and informative episode on the tremendous opportunity available in the largely neglected affordable housing market!

Key Points From This Episode:

• Introducing Denis Shapiro, Founder of SIH Capital Group and author of The Alternative Investment Almanac.
• Denis shares his real estate investment journey.
• Why he chose to focus on affordable housing.
• The important differentiation between affordable housing and workforce housing.
• The underwriting process for affordable housing.
•  The biggest expenses Denis was able to bring down on a recent affordable housing deal.
• What small market rent arbitrage is and how it works.
• The tremendous opportunity available in the affordable housing market.
• The prioritization of affordable housing by Fannie Mae and Freddie Mac mandates.
• Denis’ asset management superpower: networking.

Links Mentioned in Today’s Episode:

Denis Shapiro

SIH Capital Group

The Alternative Investment Almanac

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn