EP 15: Building Affordable Housing: Marcelo Valdez's Mission in San Diego

In this episode, we're honored to host Marcelo Valdez, a Marine Corps Veteran whose global experiences have shaped a unique strategy within residential real estate. Graduating from the US Naval Academy and serving with distinction, Marcelo's journey spans continents and careers.From roles at Qualcomm to a transition into real estate investing and contracting, Marcelo's focus on off-market deals led to Next wave Home Buyers and The Nextwave Group. Specializing in sourcing discounted properties and constructing "Backyard Apartments," he's creating affordable housing in San Diego.Join us as we explore Marcelo's mission, his investment fund for affordable housing, and his dedication to reshaping communities. Don't miss this episode—a story of service, strategy, and making housing accessible for all.KEY POINTS FROM THE EPISODE:1. Marcelo specializes in employing creative financing strategies like novations and lease options, and he's creating a fund to execute around ten projects with a target raise of $10 million over twelve months.2. Due to San Diego's unique building codes and incentives for accessory dwelling units (ADUs), Marcelo has found a niche in building backyard apartments, turning single homes into multi-unit buildings.3. Marcelo's company, Next Wave Homebuyers, specializes in sourcing residential and commercial properties off the market, and his investment company, Next Wave Group, focuses on constructing backyard apartments in San Diego.4. The city of San Diego has incentivized the construction of ADUs by waiving certain permitting fees and consulting to accelerate the permitting process, with Marcelo's projects offering over 20% annual returns in San Diego's central zone.5. Param and Marcelo highlight the importance of focusing on what works in real estate, with Marcelo sharing his journey from the military to tech to real estate, and emphasizing the importance of strength, passion, and doing good while making a profit.CONTACT YOUR HOSTS:LinkedIn:  @spurequity Website: www.spurequity.comCONTACT TODAY'S GUEST:Linkedin: linkedin.com/in/marcelo-valdez-218b29/Phone Number : +1 858-204-1337Instagram: @themarcelovaldez