In this episode we are joined by Michael Hall, a real estate investor and partner at Launch Capital, a firm focused on providing quality and affordable housing for refugees resettled in the U.S. Michael discusses the major housing challenges refugees face upon arrival and how Launch Capital is meeting the need through a unique, impact-driven business model centered around refugee tenants. Launch Capital purchases apartment complexes in areas with high refugee populations and manages them with the unique needs of refugee residents in mind - from maintenance and operations to community building. The resulting low turnover rates, strong collections, and stability allow Launch Capital to generate solid returns while positively impacting refugee families through accessible housing.   [00:00 - 05:04] - Creating Launch Capital's Refugee Housing Model Identified major housing access barriers refugees face when resettled in US Believed refugees overlooked as stable, reliable tenants For-profit model specifically targets refugees through specialized management   [05:05 - 09:32] - Refugee Tenants Produce Strong Financial Returns 10%+ cash-on-cash returns, 25%+ IRR targeted Half the industry turnover rate at 20% Focus on workforce housing while keeping units affordable   [09:33 - 17:57] - Unique Property Management Approach Relationship-based model with frequent touchpoints Bi-monthly unit inspections identify issues proactively High resident desire for housing stability enables low turnover   [17:57 - 23:00] - Growth Trajectory and Strategy Expanding into new markets like Dallas Educating investors on benefits of longer hold strategies Vision to scale exponentially across US to meet high annual refugee arrival figures     Connect with Michael! LinkedIn: https://www.linkedin.com/in/michael-hall-9b686b3b/     Quotes: "20% of all renting households are headed by a foreign born head of household” - Michael Hall "One of our biggest reasons for move outs is people actually buying a home" - Michael Hall   Visit our website https://www.birgo.com/to learn more about High-Quality Recession Resistant Assets for the Everyday Investor -- LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, YouTube, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the next episode COMING SOON!  

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