How to Get $100 Million in Affordable Real Estate Developments: Tax Credits, Strategies, & Funding
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- čas přidán 1. 06. 2024
- In this enlightening episode of "Earn Your Leisure," we sit down with renowned real estate developer Brandon Rule to explore the dynamic world of real estate and community development. From transforming housing projects into thriving mixed-income communities to the intricate process of funding massive developments, Brandon shares invaluable insights and personal experiences. Key topics include:
- The transformation of housing projects into mixed-income communities.
- The importance of building a solid resume for self-funding real estate deals.
- The role of affordable housing in bridging the wealth gap.
- The underrepresentation of Black professionals in managing major pension funds.
- A deep dive into the mechanics of real estate financing.
- The three tiers of securing HUD grants and their impact on community development.
- The need for greater Black participation in community development.
- Advocating for public service workers' access to high-quality housing.
- An inside look into the development of a $45 million mixed-use property.
- Beginner's guide to commercial development and scaling up.
- The benefits of maintaining strong relationships with city officials in real estate.
- The concept of reverse gentrification and its impact on local communities.
- Exploring Atlanta's 30% tax credit for film production and its implications.
- Distinguishing commercial real estate from community development.
- Understanding the application of tax credits in real estate projects.
- The reasons behind grocery stores' hesitance to move into lower-income areas.
- Recognizing and adapting to real estate cycles.
- The current opportunity to learn and grow in real estate.
- Brandon Rule's journey to securing a $50 million grant.
- Debunking myths around land investment strategies.
Join us in this comprehensive discussion, where Brandon Rule demystifies the complex world of real estate and sheds light on community development's critical role in society.
#RealEstateDevelopment #CommunityBuilding #BrandonRule #EarnYourLeisure #MixedIncomeCommunities #AffordableHousing #RealEstateFinance #HUDGrants #UrbanDevelopment #CommercialRealEstate #ReverseGentrification #TaxCredits #RealEstateCycles #LearnRealEstate #InvestmentStrategies #economicdevelopment
0:00 Intro & Recap From First Appearance
5:15 The Significance of the Madison Project
7:56 4% Tax Credit Deal Explained
10:01 Criticism From the Community
11:53 Working with Municipalities
13:00 Forming Allies
14:25 Process of Gathering Funding
17:54 Motivations Behind Building Affordable Housing
19:51 Can The Grocery Story/Housing Model be Replicated?
24:04 Getting Approved for Projects
25:48 When is the Time to Become Independent?
28:43 Strategy Breakdown for Scaling the Business
33:01 The 3 Most Valued Tiers for Community Development
34:40 Cities with Potential Development Opportunities
36:11 Difference between Commercial RE and Community Development
40:48 Getting Control Without Buying Land
43:43 Challenges Moving into Different Markets
48:33 Ownership Dilution When Partnering
50:08 Personal Experience in Getting Access to Capital
54:22 Resources Aspiring Developers Should Use
57:37 Is Affordable Housing Beneficial in Closing the Wealth Gap?
1:00:24 Real Estate Portfolio Outlook for Next 5 Years
1:06:35 Outro & Brandons Podcast
Appreciate everyone for tuning in. Feel free to drop comments or questions below.
Here's the channel for anyone looking for more commercial real estate content from B Rule
Love what your doing! Very inspiring for our community and I absolutely love to see it! Here to support you along your journey! Have you started raising any capital or started funds for any of your commercial deals? Id love to partner!
Hello Brandon,
What are your thoughts on Phoenix, AZ?
I moved out here a couple of years ago and there are a lot of undeveloped pockets that don’t get attention from the masses.
Great information!!
Can you reach out to elaborate a little more, I don't need much time sir
The GOATS, The NERDS, The BRETHREN! Keeping it classy! Keeping it Real!, Lifting the culture! Representation to the Max! Love you guys !
Brandon hit the nail on the head when he said our community lacks the knowledge on how to get started. It's never that we as a people are lazy. Nothing was put in our communities that would make that type of information accessible. I love, love, love seeing us winning. And sharing knowledge and information. Now is the time, y'all. Get it and run with it!
there was always an option to go to the library. start somewhere. no more excuses
@@lonewulfinthecut2But going to the Library DOES NOT help if you DON'T KNOW WHAT TO LOOK FOR!!!! You need to have those who have successfully accomplished something, SPEAK about how they got there, direct others to where to reach out. Like he said, there's a list of black mayors, now you can hit the phone with some direction. Then go to the library and scale your knowledge on what you desire to do.
@@CaliSurf24 so you're telling me you go to a library and don't read the signs?
@@lonewulfinthecut2 I'm a Doctor I can read. That's an ignorant statement. For example. If you're from The HOOD in Chicago and the first time you went into the city and saw lake Michigan and asked if that's the Ocean. You don't go to the LIBRARY more than LIKELY. But it doesn't mean you don't want to be better, that you don't want to attend college. But Looking around at your Environment, who is there to tell you HOW to get where you want to be? I've been in the library and had a man ask me How to find a book, he had no idea what the Dewey Decimal System was. How to Find what book in what Isle.
The point is people need to see success to even guide them to know EXACTLY what they want. People like myself are mentors and speak about how we got to where we are. Network, educate in real time. It does more than reading a BOOK. It's putting it into practice and knowing the right people to ask for help is the key to success.
@@CaliSurf24 i didn't make a statement...i asked you a simple question. i also never asked if you are a doctor neither do i care. Its also irrelevant 💀 the cornball award goes tooooooo
He mentioned Egbert Perry and his company Intergal multiple times. He is a pioneer in the commercial development space. You guys definitely need to get him on the show.
Definitely
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
“Natalie Lynn Fisk” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
"Gentrification isn't bad, displacement is bad." ~ Brandon Rule
That’s crazy to see this discussed about my city! The housing development is nice! Can’t wait til the grocery store opens up.
Thank you for all you do! No time for me to be complacent or to rest on my laurels. Trying to progress.
I’m Retired Now so This might be something I can really get into in the near future. I’m here to learn more.
I'm here for that.
Making not less than $200k in different income flows that do not depend on the government is the wisest thought that is in millionaires minds today, I'm thrilled to share that my passive income exceeded $97k in a single month for the first time, this success reinforces the importance of the advices mentioned earlier, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock, silver and gold)
As a newbie you'll need to invest in a company that is working towards sustainability, like that of expert Charlotte Miller and her abilities in handling investments on top notch
Excellent content and exceptional way of presenting community development
Apprecaite that Fred. Much love.
@@B_Rule06 Much Respect ✊🏾. I’m glad to see a brother striving and thriving in this space as I know difficulties from working at LISC for 6 years in Illinois.
I recently started watching yall podcasts a few months ago after seeing a clip on instagram. I’m genuinely happy that I found yall because the information yall share on these episodes is amazing and helped me tremendously because growing up I didn’t have the tools or a mentor around me. I hope that I’m successful in business one day like yall. Please don’t ever stop doing what yall are doing because it’s much needed 👏🏾💁🏾♀️🙏🏾
Fantastic interview! I thought his first one back in 2019 was amazing but he really slapped it out of the park this time.
“Very rare air.”
The moral of this episode is to find your passion, look for a mentor then go for it ❤
🎉🎉🎉
Great job B rule!!!
Overdue! Welcome back B Rule!
Appreciate it!
Black folks that are supposed to be about black people, hating on black people. Smh... Glad it worked out for you brother.
Appreciate that for sure.
Great interview, thank you for sharing such valuable information
I just put 20 acres under contract right now!! I got a legit builder on the team and the construction funding setup!
Great content... thanks
I came in late gotta watch the whole video
100%
#BlackOwnership #RealEstate #GenerationalWealth Quality Content
100%
Have a bless night eyl, im at prayer us this season episodes...
A lot of jewels dropped
(Thank You Brother)
If I’m in Atlanta and want to get into affordable housing development, who do you recommend I reach out to? I’ll currently doing residential development.
Thanks!
Love it Mane
Dope!!
Wow this is another hit !! Brandon is a all-star... Doing all the work with just him...is inspiring....get out ya hit and get it done....peace and diligence 🔥🌳💨💦🌹
What up brother. I’m 18 and been wholesaling real estate for about 7 months now just to learn about real estate and business. Made good connections and have had good experiences but now I want to start taking steps towards what I want to do which is development. What do you suggest for someone young like me who just wants to learn and gain experience to do?
Appreciated
Def some solid an great pointers. I womder how maneuvering in this process would work in say, more nortger states like boston or New England ie. Maine? (As paint contractor in a trade that predominately middel age Caucasian men, I've definitely seen how things work from a whole different #perspective
It works there as well. Google Low Income Housing Tax Credit then follow that with the states you mentioned. Or Choice Neighborhood Implementation Grant and see which Cities have already received awards.
I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.🎉
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
Honestly, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, who's the person behind your success?
Is digital real estate a thing like do people do it if so what websites or how do you get involved
My bro !
#414
From the perspective of someone with aspirations to do this, what do I study in college?
Many paths, I studied Economics. but most come from Econ, Engineering, Math, or one of the specialized trades.
Finance. Architecture. Project Management.
I appreciate the knowledge you've provided, There’s this woman I got in touch with during the last economic recession which cost me my job. Ms. Norman Davis helped me manage my assets by introducing my to the best trading method, I earned a lot of $$$ working with Norman at the comfort of my home. I still keep in touch with the amazing lady
Most family are struggling to survive. meeting Ms Davina Norman has brought me great success. Even with the economy situation I'm still sure of my $ 15,000 weekly
I have a master in mathematical finance, so it wasn’t so easy to get me convinced to begin an investment without me carrying out proper research on her. I had her broker ID checked and she’s fully verified! So I began with a few bucks, only to get huge returns in a month. I reinvested and now I get long term monthly returns… So glad I don’t rely on pay checks anymore.
I want to be financially free , I currently work 2 9-5 jobs and I’m struggling to pay bills along with my moms medical bills. I heard about forex a little while ago and was really interested and wanted to get into for the longest but I never had someone who could help. Can I get her contact? I need her assistance
How can I reach Davina does she have a telegram page??
Yes, she does and is very accessible with the username..........
🔥🔥
Per Google: The Hmong people are an indigenous group from East and Southeast Asia.
Did Brandon get his realestate license as well ?
Nah I never got a RE license.
@@B_Rule06really good episode. Appreciate the insight and strategies on contacting people.
@@B_Rule06 bro you inspire me more and more after each video I put myself through realestate school but I’ll use that field to just build the relationships. I’m going to try and get my first deal next year. But I’ll definitely try to cross paths with you at some point in my journey!
@54:00
What did you like best about this timestamp?
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Salute Birmingham
@18:35
I promise back in 2017 I thought of having affordable housing over top of a grocery store
Doesn't Rashad Bilal look like Dak Prescott?
What did he just sayyyyy!!!❤❤❤❤
#BLUEPRINT🖤♠️
@22:50
What did you enjoy most about this timestamp?
You gotta see it to believe it...😇🙊😊
Miami has a Republican mayor, Governor Suarez, just fyi
1:03 BRRR
I wish they could explain how he makes money.
For $99 dollars he will tell you.
Make sense?
Miami has a republican mayor.
The Hmong are an ethnic group within the country of Laos. In Laos, the Hmong are called Hmong, even by the majority Lao. So as not to confuse people, Hmong are Hmong and Lao are Lao. It's like apples and oranges. Both are from (Laos), but labeled differently."
m.czcams.com/video/ZfC-OaTcr5M/video.html here is a link if you wanted to learn more.
I disagree, Affordable Housing is no longer "Welfare". The price of living and housing in this Nation has gotten out of control and wages have not kept up. Homeless and affordable housing crisis coast to coast, unsustainable conditions.
I'm curious who was the black company that was trying to halt the building they need to be exposed
414
Hello sir Are you looking for a professional CZcams thumbnail designer?
$BTC TO $50K✊🏾⚡️💯
The fix to the housing disparity is building smaller units, Period! These bogus houses are completely unnecessary and will never do it! I guess we will wait for ELON Musk to get to it when he is done with all other things! That will be a shame though. But solving the housing disparity is going to take a revolutionary, someone who thinks outside the box and knows how to get things done!
lol this won't last long...just waiting for the shoe to drop
The video speaks great wisdom for any and all that is pursuing be a real estate developer like myself. Much appreciation to you all with confirmation that what I'm trying to accomplish while working a 9-5 will happen. @ThephillySailor #FutureInvestFestVendor
Shoutout to Brandon Rule 💰@B_Rule06
Believe it or not it’s people who look just like you and say they share your struggle that be fkin yo back out with that 🫲😂😂😂
🔥🔥