Doing Deals w/ Low Income Housing Tax Credits

Hey TH-cam, welcome to Mentorship Monday! If you have a Mentorship Monday question, just email it to [e-mail] and we will answer it right here on the channel for you and everyone else to learn from.
Today's question comes from Joshua and Thomas from Humboldt Partners (www.humboldtpartners.net). We met with them LIVE at the Best Ever Conference hosted by Joe Fairless in Colorado this year. Thanks for the question guys! They are working on a deal involving Low income housing tax credits (LIHTC) in South Carolina. These are credits from the government for providing affordable housing to tenants. Check it out!
📘Grab Your Copy of "Raising Private Capital" Available now on Amazon
amzn.to/2LkYEi7
As always, please email us any real estate questions to [e-mail] and we will answer them on an upcoming episode!
Mentorship Monday for Real Estate Investors
• Wholesaling, Investing...
Raising Private Capital for Your Real Estate Deals
• Lesson 1 - Things You ...
Buy and Hold Real Estate Investing
• How I Turned a DUPLEX ...
Facebook: / thederosagroup
Website: www.derosagroup.com/
Learn More about The DeRosa Group by Checking out our popular videos:
How I bought a 18 Unit apartment with NO MONEY out of Pocket
• How I Bought A 18 Unit...
Share This Video: • Doing Deals w/ Low Inc...
#MattFaircloth #derosagroup

[@robinabundis6206]

Love it thank you for the info.

[@DeRosaGroup]

You are welcome@@

[@mkmitchell4028]

Good info, i have a question what is the best process for a investor to get gov grants to purchase low income multifamily propertys without the red tape. Where do i go to apply, also maybe build groundup multifamily. In my state low income properties are owned by slumlords, low income doesnt mean living in high crime, no repairs, rodents housing. These are good familys that deserve better clean safe living my goal is to provide this but i cant do it alone

[@DeRosaGroup]

Great! Start with your local housing office in the town you want to do business in. Whoever runs the housing and economic development division of the city will know where to go for credits. If you don't have any contacts there you can either go to the county of the state, both of which will have a housing and economic development office

[@WindsofChange_]

Hello! I am just now getting into this...Wanting to build from the ground up. Our town also only has slum lord low income housing options. I am ready to be the change and have no idea where to start. The grant process is intimidating.
Any tips?

[@mkmitchell4028]

Thank you for taking the time to even read what i had to say. Im still looking in to this because state owns alot of the land theres alot to it im also looking in to multifamily purchase and rehab. How long have you been a investor and the name of your company
@@WindsofChange_

[@jakepayers]

Thanks for the information on an interesting topic. Could you touch on how landlords can seek opportunities with the section 42 tax credit program? Both purchasing properties already in the program and also enrolling currently owned properties?

[@DeRosaGroup]

Not familiar with that one but thanks for pointing it out, we will look into it!

[@Breezedaddyfresh]

Section 42 LIHTCs are only for new construction or substantial rehab.