151: Strategies for Thriving in Affordable and Workforce Housing Investments with Ron Lockhart

PassivePockets: The Passive Real Estate Investing Show

Join us on the latest episode of Passive Investing from Left Field, with guest Ron Lockhart.

In this episode, discover invaluable insights into successful strategies for limited partners, the impressive benefits of affordable and workforce housing, and the high-return potential of real estate syndication.

Whether you're an accredited investor or simply looking to learn more about the commercial real estate market, this episode is your ticket to staying informed.

About Ron Lockhart

• Ron Lockhart is the Co-Founder of GSP REI and serves as one of the Company's Managing Partners. His chief responsibilities include strategic planning and oversight of the company’s vision. Mr. Lockhart oversees and works to streamline the company’s operations in both real property and mortgage acquisitions, as well as project and property management.

  Mr. Lockhart brings over 20 years of combined real estate investing experience to the company. Prior to founding GSP REI, Mr. Lockhart was President of LaSalle Properties One a regional real estate consulting firm that focused on assisting companies and institutions with the execution of their real estate acquisition, development, management and finance goals. While at LaSalle Properties One, Mr. Lockhart developed an end to end in house solution for clients that included planning, construction, asset and property management. One of LaSalle Properties One’s key initiatives was to invest alongside its clients in growth areas where there was an under supply of rental housing. Prior to LaSalle Properties One, Mr. Lockhart founded Lockhart Building and Investment Company which specialized in the construction and redevelopment of real estate in the Mid-Atlantic region. Mr. Lockhart has been directly involved with the investment, development and construction of single family, multifamily and mixed use real estate since graduating from Washington College in 1996.

Here are some power takeaways from today’s conversation:

03:28 His real estate journey

08:39 Affordable housing vs workforce housing

10:03 Section 8

13:38 How he invests in certain markets

16:44 Finding properties

25:16 Are there any other government subsidies that help

25:55 How does he structure property management

28:26 Is there a problem with the owners of the adjoining properties

29:42 Using debt to fund the properties

33:00 How to analyze this as an LP

36:07 Funds overview

38:35 Podcast recommendations

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

Contact The Guest:

LinkedIn - https://www.linkedin.com/company/gsprei/

Facebook - https://www.facebook.com/GSPREIFUNDS

YouTube - https://www.youtube.com/channel/UCoqbrxOgNuhgzS58qia3Uaw

Podcast Recommendations:

Real estate syndication show - https://www.youtube.com/c/TheRealEstateSyndicationShow

Advertising Partners:

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books/

Vyzer - https://vyzer.co/