REIA 70 Sep Bekam: How to Master Low-Income Housing Without Going Broke

We'd love to hear from you. What are your thoughts and questions?Through years of experience and having an engineering background, Sep Bekam brought systems into an industry that needed it and provides for abundant opportunity in extremely low-income housing.Main Points: “How to operate your real estate business like a factory.”  I worked as an electrical and robotics engineer at a bathtub manufacturer over a decade ago.  During my time at that company, I was taught lien manufacturing techniques and have been able to apply those skillsets to my real estate company.  Standardized processes, standard renovation manuals, standard leasing procedures, standard materials, etc.  We can talk about the lessons from Henry Ford and the Model T production.  I’ve had multiple properties with evictions, drugs, gang activity, SWAT team raids, drive-by shootings, and homicides.  I’ve learned that the key to successful low-income housing investing is to have the right team in place that is world-class at handling that specific asset class.  The team needs to be excited about working on your properties, not depressed.  Regardless of how many units they manage for you, the investor needs to work towards being their best client (think Go-Giver philosophy).  That leads to effective management, vendor introductions, off-market deals, etc.  Not every Section 8 tenant is bad.  There are great Section 8 tenants out there and, just like employees and property managers, the key is to give them more in Value than what they pay in rent.  Pros and cons of low-income housing investing through apartment buildings v/s single family rentals.Real estate syndication v/s turnkey property investingConnect with Sep:Free Property Manager Interview [email protected]