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On this Real Estate Hustlers Podcast episode, we will be talking with Melvin is theCo-Founder of More-Land Equity Capital. His real estate investing experience spans within both the single-family & multifamily residential space in Pittsburgh, PA market, as well as an active & passive investor in the multifamily value-add apartment area in over +2950 units in Dallas, San Antonio, Houston, Cincinnati, Wichita, Rodgers AR, and Evansville, Indiana.

Melvin’s background is in corporate procurement/supply chain executive (20+ years), and college professor in economics/marketing.

Melvin is part of the Ace Operators Multifamily Mastermind and personal mentoring programs, Model Equity Mastermind, The CORE Mastermind Raise Masters Consortium, Lee Arnold System of Real Estate, charter members of the Family Office Club, ISM (Institute of Supply Management), and is a life member of Alpha Phi Alpha Fraternity, Inc.

Key Takeaways: Early Beginnings and First Investment: Melvin started his real estate journey in 2005, purchasing his first property near his home. Inspired by a college friend with rental properties, he decided to diversify his portfolio by adding real estate. Growth and Challenges: By 2008-2009, Melvin had amassed over 60 rental properties across three states, including Nebraska, Indiana, and Arizona. The 2008 financial crisis hit hard, leading to significant losses and short sales in Indiana and Arizona. However, his investments in Pennsylvania remained strong. Transition to Multifamily and Syndications: After a setback with a restaurant business that required liquidating 90% of his portfolio, Melvin pivoted to multifamily real estate in early 2022. He attended a seminar that opened his eyes to the scalability of multifamily investments and syndications, leading to rapid growth and success. Current Focus and Strategy: Melvin and his wife, who is now a full-time real estate professional, have relocated to Pittsburgh, where they are heavily invested in the local market. They focus on affordable housing, leveraging programs like Section 8 and LIHTC to meet the high demand for quality, affordable rentals. Operational Insights: Melvin shared his approach to property management, including the use of platforms like Craigslist and Facebook Marketplace to find tenants. He emphasized the importance of providing a high-quality living experience to retain tenants and ensure steady cash flow.

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