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Alvin Hope Johnson on Building a $125 Million Affordable Housing Portfolio
Description
Alvin Hope Johnson runs a $125 million affordable housing portfolio and once tried to end his life when he couldn't buy his three-year-old son a Hot Wheels car on his birthday. He had been a millionaire at 20 painting houses door to door and spent it all by 24, assuming the money would always be there. After the suicide attempt with a pistol that wouldn't fire and a bottle of heart pills, he woke up 10 days later and decided he couldn't even quit. That low became the floor everything else built on.
Myka and Stevie Stacks talk structurally insulated panels, building 20,000 units in five years, the education program that leaves students owning a $4 million apartment building, and writing off $400,000 in pandemic bad debt to give tenants a fresh start. Alvin explains why a 506B lets non-accredited investors into syndications, why alignment beats assignment, and why there was no traffic at the top when everyone else waited for a stimulus check. He tithes the first tenth, saves the second, lives on 70 percent, and plans to staff a Texas manufacturing plant with nonviolent ex-offenders building wall panels for workforce housing.
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Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
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