Joint Ventures, Affordable Housing, and Building Generational Wealth Through Real Estate
In this episode, Angel sits down with Ira Fishman to discuss his 12 plus years of experience in multifamily real estate and his extensive experience with joint venture partnerships. Ira shares why he has focused primarily on JVs, how they differ from syndications, and why he prefers having an active role in the properties he invests in. They also explore affordable housing, HAP contracts, the advantages and challenges of the asset class, and the importance of building long term wealth through real estate. Topics Covered Ira Fishman's background in financial services and multifamily real estate The differences between joint ventures and syndications Raising capital through larger JV partnerships The benefits of having fewer partners and faster decision making The importance of each partner bringing value beyond capital Affordable housing and Section 8 properties Understanding HAP, or Housing Assistance Program, contracts How affordable housing can serve seniors, people with disabilities, and families facing financial challenges The benefits and challenges of investing in regulated affordable housing Why Ira prefers a buy and hold strategy Refinancing properties and recycling capital into future investments Building generational wealth through real estate The importance of learning from experienced syndicators before entering a new investment strategy Balancing multifamily investments with an existing residential portfolio Quotes I like to be more involved on what’s going on in the property, the bigger decision making.” “I’m a firm believer in that. If you hold it for the long term, look at it in 10 years, 20 years from now, it’s gonna be worth more.”