Investing in the Home You’re Renting with Larry Dorfman

Doing business from the heart always yields good results for everyone involved, especially when it’s about people’s homes. With a unique business model, Larry Dorfman’s son, came up with a solution to save people from foreclosures during the coming real estate recession.

 

Tune in to this episode of the Super Entrepreneurs Podcast to learn more about how real estate investment should be like in the future in order to fix the terrible state of the landlord-tenant relationship.

 

Who Is Larry Dorfman?

Larry Dorfman is the co-founder and partner of Roots Real Estate Investment Community, an Atlanta-based residential real estate investment option that aims to democratize real estate investment and help residents build wealth.

The company offers a unique concept called "living it like you own it," where residents who pay their rent on time and take care of the property receive rental rebates and become part of the community that owns the properties.

Larry Dorfman and his team have successfully implemented this model, resulting in positive financial outcomes for residents and investors alike.

How is Larry Dorfman Super?

Larry Dorfman derives his super power from being willing to give others the time and attention. Being available for others and providing value is truly a superpower that only a few are capable of harnessing, and those who do are usually great people with big hearts.

 

Shahid’s Key Insight

Shahid is very grateful to learn about the genius idea behind Roots and their business model. This business model changes the whole real estate game radically. Instead of being borderline homeless, you become a resident/investor who takes a share of the big pie, unlike the current status quo where the big guys take everything.

Chapter Stamps:

 

00:00 Introductions: Who Is Larry and what’s his unique business model (Roots)?

00:45 A son-created vision to democratize real estate ownership

02:13 People who rent in the US are borderline homeless

03:12 A business model that bridges the wealth gap

05:30 Some life lessons to learn

06:58 The landlord-tenant relationship is terrible 

07:54 Scaling your investment by renting a house

10:00 Lessons from Warren Buffet

12:12 De-risking the fund

16:44 Paying rent, paying mortgage, keeping the home, and investing at the same time

18:12 Are you interested?

19:02 Investing without renting

19:55 Innermost superpower: willingness to be available to others

21:05 Regards to Daniel Dorfman: the genius son behind Roots’ business model

 

Pullout quotes:

“The landlord-tenant relationship has been a miserable thing for many, many years. We won't use the word tenant, we use the word resident. We treat people as human beings, and then they get a chance to be a part of the investment community.”

“The first thing we started doing was going to the banks during the pandemic and asking them to ask anyone they were needing to foreclose on, introduce them to us.

We don't need to buy it. Absolutely. We'd love to find a person who unfortunately is in a situation, maybe they're eight ayments or nine, and we pay the mortgage off in many cases, just depending on the value of the home.

If we can make it work, we'll pay the mortgage off and give them some cash to pay some bills off, let them live there and build their equity back again. That would be the perfect picture for us.”

 

Socials:

Roots: https://www.investwithroots.com/about-us/

LinkedIn: https://www.linkedin.com/in/larry-dorfman/

Daniel Dorfman: https://www.linkedin.com/in/danieldorfman1/

 

----more----

Notice to the Super Entrepreneurs community: I invite you to join my webinar on how to scale your business and improve the quality of your life, without constantly chasing strategies and feeling stuck. If you feel like you need to scale to the next level, this webinar might just give you the direction you may need