Ellis Hammond manages a private network of investors seeking passive investment opportunities in multifamily syndications across the United States. Ellis is passionate about the intersection of faith and capital and hosts a weekly podcast show, Kingdom REI, in order to educate and inspire other investors and entrepreneurs to see capital as a means for greater Kingdom influence. To learn how you can invest alongside Ellis and this community, visit housing and helping the lower and middle class as a huge priority over the next four years. These types of projects have a likely potential to earn favorable tax incentives and government spon- sored vouchers. There is no doubt that with such a massive problem like the lack of affordable housing, and an incredible buying opportunity on the horizon due to the pandemic, the stage has been set for a game-changing, impactful investment strategy. • affordable housing and no one else has a solution. Cities and municipalities are likely to provide support for these projects. NO. 2  Many mom-and-pop owned motels will face foreclosure as the stimulus money dries up later in 2021, creating great buying opportunities for investors. NO. 3  As cap rates compress in large multifamily, there will be a huge demand from investors for higher yielding assets which these motel conversions can provide. NO. 4  It is much cheaper and much faster to convert an existing building than start from scratch. NO. 5  Our current administration sees affordable plan to convert the existing motel into a long-term, multi- family living facility. This is a great solution for many developers who no longer see it viable in terms of cost to build affordable housing. It is also a great solution for investors who live in cities where much of the red tape policies make it hard to get their projects off the ground. By converting these motels into long-term rentals, thousands of affordable units will be created over the next three to five years for a portion of our population that desperately needs it. Here are five reasons why I see this as the next BIG investment opportunity: NO. 1 There is a massive tenant base that needs

thinkrealty . com | 27

Made with FlippingBook Online newsletter