In 2000, Scott Choppin founded The Urban Pacific Group of Companies that focuses exclusively on workforce rental housing communities throughout California and the Western US. Urban Pacific has created a new housing innovation called Urban Town House (UTH), which pairs private capital with middle-income multi-generational rental housing while producing market superior yields on invested equity.
Scott is a leader in the field and is a regular contributor to major media outlets throughout the nation. Scott has been published in Forbes Magazine, GlobeSt.com, Los Angeles Times, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and most recently, the cover and feature article about the UTH housing model in Multi-Family Executive magazine.
(00:00 - 2:18) Opening Segment
Introduction of the host into the show
Alpesh introduces the guest of the show, Scott
Scott shares something interesting about himself
(2:18 - 32:48) How to Develop Workforce Housing
Scott's first real estate investment
What is workforce housing/blue-collar housing
Multi-generational housing
-Selling the entire portfolio or townhouses
What's the rental range for properties or townhouses
Historical and cultural housing arrangement across the world
How do you underwrite a workforce housing development
Process of choosing a market or neighborhood and starting development
Strategy as a developer
Challenges permits and Approvals processes for development in a state, city, or country
What's the typical timeline from start to finish in construction
About holding assets
(32:48 - 33:14) Break
(33:14 - 33:30) Second Segment
(33:30 - 41:50) Fire Round
– Scott’s favorite real estate, finance, or other related books
– Tool or website Scott recommends
– Scott’s advice to beginner investors
– How does Scott give back?
– How can Wealth Matters Podcast listeners reach out to Scott?
(41:50 - 42:31) Closing Segment
If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link
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