How We Went From $0 to Over $150M in 5 Years Investing in Multi-Family with ZERO Credit w/ Alvin Hope Johnson

In episode 145 of the Better Than Success Podcast host Nicole Purvy talks about How We Went From $0 to Over $150M in 5 Years Investing in Multi-Family with ZERO Credit w/ Alvin Hope Johnson.

Alvin Johnson is the President of Hope Housing Foundation (HOPE) and guides the staff of Assertive Management Group, LLC., HOPE’s privately-owned property management firm. The Foundation, which is headquartered in McKinney, Texas was incorporated as a 501(c) (3) in 1998. HOPE has a business model that positions itself as one of the most effective, nonprofit affordable workforce housing organizations in the Country. With a little over 1,300 Affordable Housing Units and growing, the Foundation is in the acquisition stages of acquiring an additional 2000 units for 2021. Also planned for 2021 are two new single-family housing developments with a total of 450 homes for the Workforce community. Included within these communities will be homes set aside for Veterans which will be ADA Accessible.

Alvin is also President and CEO of Multifamily Monopoly, an education platform designed to give the serious Real-estate investor all the tools necessary to develop and acquire their own multifamily apartment building.

Before fully investing his time into Hope, Alvin was the Vice-President of Operations for American Housing Foundation in Amarillo, Texas (AHF) and would also serve as the interim president for 2 years. Amarillo-based American Housing Foundation successfully grew from two apartment complexes purchased from a local Catholic organization in 1989 to one of the largest affordable housing companies in the country providing homes to more than 50,000 families and individuals, while supporting healthy communities. American Housing Foundation boasted 16,000 units spread across the Southern US. Alvin’s tenure with AHF helped grow the vision of what Hope Housing Foundation is and will become.

Alvin takes pride in being an industry leader in service and building strong relationships with his business partners. Through his faith and determination,

Hope Housing Foundation will definitely be a frontrunner in the affordable housing market.

Some of the topics covered in this episode are:

How Alvin started real estate with no credit How he founded HOPE Housing Foundation How he used hard money loans to get an agreement with Chevron Non-profit buyer Difference between General Partnership between Limited Partnership

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