EP 148: Justin Britto and Jake Garcia - Developing Gray Collar / Attainable Housing From The Ground Up

EP 148:   Justin Britto and Jake Garcia - Developing Gray Collar / Attainable Housing From The Ground Up Jake - Jake’s wide footprint through both own- ership of his own assets as well as under- writing lending opportunities in various states have strengthened his foundation for asset management and effectively maintaining offsite relationships with ven- dors, contractors, and onsite personnel. Currently, Mr. Garcia is a general partner in three different apartment communities in Texas totaling 357 units. He also owns and manages a 54 unit residential portfolio in the Phoenix MSA, twelve (12) group homes, as well as investmets in land development and mobile home parks. He has bought & sold over $50,000,000 in both residential & multifamily assets in multiple states. Justin - Justin Britto, managing principal, relies on his 12 years of commercial real estate experience to guide Madison Communities. As a relationship-driven professional, Mr. Britto leverages the vast network of industry contacts he has accrued over his career to find off-market multifamily opportunities. Mr. Britto started his real estate career in the research depart of Marcus & Millichap (M&M), one of the largest commercial real estate brokerage firms in the country.Mr. Britto transitioned to the brokerage side of the business in 2012, joining one of Marcus & Millichap’s top teams in IPA Student Housing. HIGHLIGHTS IN THIS EPISODE 00:00 - Intro 01:50 - Backgrounds 08:59 - Impact Equity Ad 09:55 - Why Multifamily 12:27 - Gray Collar 15:25 - Affordable Housing 18:15 - Mission Driven Strategies 23:08 - Development 24:48 - Infill Strategy 29:09 - Investor Expectations and Returns 32:54 - Cashflow 39:50 - Final Thoughts  CONNECT WITH OUR GUEST: Jake Garcia - 480-241-2601 Justin Britto - 480-290-8005 - https://www.linkedin.com/in/justin-britto-44752b21/ CONNECT WITH OUR HOST:Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor