Join us on a captivating journey with Michael Macon, a seasoned professional who shares his fascinating transition from the corporate world to the realm of real estate investment. Listen in as Michael recounts the trials and triumphs he encountered while shifting his focus from a technology career to securing his real estate license, navigating the hurdles presented by the COVID-19 pandemic, and ultimately finding his niche in property investment. His story is a testament to the allure of the Midwest market, where he found promising opportunities that contrasted with the daunting prices of properties in Los Angeles and New Jersey, highlighting the lure of higher cap rates and his first foray into property investment.
In our conversation, Michael and I uncover the nuanced benefits of investing in Section 8 housing, an area often overlooked due to prevailing stigmas. Through personal anecdotes and shared experiences, we underscore the importance of due diligence in property inspections and the rewards of providing dignified living conditions for tenants. This episode will illuminate the intricacies of navigating the Section 8 program, from understanding the impact of housing vouchers on rent negotiations to the consistent rental income that can potentially exceed market rates. Our discussion is sure to challenge your perceptions and may inspire you to consider the meaningful role landlords can play in the affordable housing sector.
Wrapping up our enlightening discussion, Michael and I reflect on the broader themes of risk-taking and stepping beyond familiar territories in search of greater success in real estate investing. We contemplate the influence of literature on our lives and how it propels us towards the 'great perhaps' of our professional endeavors. Whether you're a local investor or looking to broaden your horizons, this episode offers valuable insights into the complex world of real estate, emphasizing the need for financial prudence and the rewards that come from building new relationships in unfamiliar places. Tune in for a thought-provoking session that will leave you with a newfound appreciation for the intricacies of property management and investment strategies.
(00:00) Exploring Real Estate Investing Opportunities
(08:07) Benefits of Section 8 Housing Investment
(17:49) Section 8 Housing
(29:03) Navigating Property Management Challenges
(37:48) John Green Novel and Real Estate Investing Impact
(42:48) Exploring Success Outside Your Comfort Zone
About Michael Macon
Michael Macon, a Jersey City native turned Southern California enthusiast, seamlessly blends a corporate background with real estate savvy. With roots in NYC's fast-paced environment, he's worked with major brands like American Express and JPMorgan Chase, then shifted to growth-focused roles in California startups.
Since 2021, Michael's focus has been on real estate investment, particularly in the Midwest, where he champions affordable housing and Section 8 living solutions. He's an active voice on social media, demystifying Section 8 housing and highlighting the Midwest's investment opportunities.
Real Estate Investing, Property Investment, Midwest Real Estate Market, COVID-19 Pandemic, Property Prices, Los Angeles, Section 8 Housing, Affordable Housing, Due Diligence, Property Inspections, Rent Negotiations, Financial Prudence, Property Management, John Green, Cash Flow, Appreciation, Comfort Zone, Risk-taking, Financial Stability, Investment Horizons
@hackingrepod
