Housing Joint Venture democratizes access to real estate investments. We help investors unlock the potential of urban core properties through a buy, fix, and rent strategy. Investors receive strong returns while under-invested neighborhoods gain restoration of vibrancy and dignity for the residents.
The business fosters belonging and pride to all people by offering (1) “investor-to-be” education and (2) investment opportunities to revitalize the urban core in the Midwest through a buy, fix and rent strategy providing a platform for value-add real estate investments at scale.
The business model is unique in it’s a distribution to a new class of mass-affluent investors that are typically persons of color.
The product availability is unique as we are targeting a segment of the property market that banks do not typically lend on because asset values are lower than they prefer to process paperwork for (<$60,000 per unit).
This creates an undervalued market where properties can be purchased for less than their intrinsic value, renovated and stabilized then sold or refinanced at full market value for an out-sized return compared to typical investment models.
As a 2nd generation developer and 1st generation Haitian American who studied city and regional planning,
I have the fortune of having a visceral understanding of the problem and solutions on a variety of levels.
On the lowest rung, residents in urban neighborhoods feel utterly forgotten and pillaged for the little money they do have. They lack dignity in the housing products available and pride in the communities they call home. Professionals of color earn a high salary but often realize that they have nothing tangible and long-term to show for their years of corporate employment.
To this end, they seek means to more efficiently leverage their salary but find it confusing and time-consuming to gain clear direction.
They end up frustrated by the process because they have identified real estate as their path but lack clear guidance to implement.
Finally, other professionals and accredited investors want access to a steady flow of investment opportunities where they do not have to be the primary investor/operator.
Furthermore, they would love the ability to tangibly relate their investments to social progress – being a passive investor in projects intended to restore vibrancy in urban neighborhoods is in direct alignment.