))
The Impact Real Estate Podcast: The Summer Series with Karim Hutson
Manage episode 433148542 series 3473447
Content provided by Chris Papa. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Papa or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The Impact Real Estate Podcast: The Summer Series with Karim Hutson
On this episode of the Impact Real Estate Podcast, we continue our Summer Series by revisiting our conversation with Karim Hutson, the founder of Genesis Companies, a real estate company focused on building and preserving affordable workforce, mixed-income properties. Karim discusses the mission of Genesis Companies and their commitment to not only building quality housing but also being advocates for the communities they serve. The conversation also touches on the importance of embracing virtual work and creating a collaborative culture, as well as Karim's personal journey into real estate and his influences growing up. Chris Papa and Karim discuss his journey in affordable housing development, starting with his first deal and how he learned to navigate the financial aspects of the industry. He shares how his company has evolved from focusing on new construction to preserving affordable housing and taking on more complex deals. Hutson emphasizes the importance of understanding finance, having a vision, being malleable, and building partnerships in the real estate industry. He also discusses the increasing competition in the affordable housing market and how his company stands out by focusing on local knowledge and community partnerships. Hutson shares advice for those starting out in affordable housing development and highlights the impact his firm has in advocating for diversity and supporting the next generation of developers.
Apple Podcasts: https://apple.co/3I3nkG9
Spotify: https://spoti.fi/35ZJGLT
Web: https://www.jacksonlucas.com/podcast/summer-karim-hutson
Chapters
00:00 Building Affordable Housing and Advocating for Communities
08:03 Embracing Virtual Work and Creating a Collaborative Culture
13:10 Karim Hudson's Personal Journey into Real Estate
24:57 Understanding the Affordable Part of Housing Development
26:22 Transition to Property Management and Community Support
29:38 New Deal with the Housing Authority in New York City
35:20 The Importance of Understanding Finance in Real Estate
37:48 Navigating the Competitive Real Estate Market
42:12 Advice for Starting Out in Affordable Housing Development
44:14 Memorable Deal: Purchasing the Abyssinian Development Portfolio
46:44 Advocating for the Next Generation of Developers
Takeaways
Genesis Companies focuses on building and preserving affordable workforce, mixed-income properties.
The company is committed to being advocates for the communities they serve.
Embracing virtual work and creating a collaborative culture are key to productivity and success.
Karim's personal journey into real estate was influenced by his upbringing and a desire to make a meaningful impact. Understanding finance is crucial in affordable housing development
Having a clear vision and being malleable are key to success in the industry
Building partnerships and leveraging local knowledge can help stand out in a competitive market
Starting out in affordable housing development requires commitment, patience, and understanding the long timeline
Advocating for diversity and supporting the next generation of developers is important for creating impact
99 episodes
Share
