With GSP REI (610-357-2330), you can combine smart real estate investing and goodwill. The best thing? They handle everything from acquisition to property management!
Are you looking to grow your investment portfolio and want to contribute to society at the same time? Thanks to GSP REI's income fund, you can combine profitability and impact investing!
>>Learn more about the income fund here: https://gsprei.com/current-offerings/
GSP REI is a Philadelphia-based real estate investment and development company that works with projects and investors all over the country. Their new project sets out to acquire and re-develop dilapidated properties in areas with a need for a workforce that lacks quality, affordable housing. Depending on how much you invest, you can expect a 10-12% return!
GSP REI's initiative is focused on single-family rental properties. To be able to keep development costs down and offer affordable housing as well as profit for investors, the company works on a vertically integrated structure with in-house construction, asset, and property management teams.
"Our approach includes acquiring land for new construction and purchasing distressed and value-add properties, both individually and in portfolios. We carefully balance our portfolio to maintain an ideal mix of long-term rental income and short-term sales opportunities," a company spokesperson said.
Workforce housing is aimed at groups that earn too much to qualify for housing assistance but struggle to keep up with rent market prices. According to the U.S. Department of Housing and Urban Development, affordable housing is defined by monthly costs for rent/mortgage, taxes, and insurance that don't surpass 30% of a family's income.
Many people described as "typical workers" who are stuck in this in-between stage provide essential services, for example, teachers and health care workers.
A CNN article from 2022 pointed out that at the time, there was no county in the whole nation where a minimum-wage worker could afford a two-bedroom rental after a national 18% rent increase from 2021 to 2022. Additionally, there were only 36 affordable housing units per 100 people in need.
GSP REI acquires property below market price from various sources, including Government-Sponsored Enterprises (GSEs), local real estate professionals, and financial institutions. As the company handles the whole process, you can enjoy a passive source of income. >>Find more information about how GSP REI works at: https://gsprei.com/
"Our investment philosophy is simple: We focus on earning a high rate of return for our investors with as little risk as possible," the company spokesperson said.
To qualify as an eligible investor for GSP REI's 506c funds, you should have a $1 million net worth (not including your primary residence), make $200,000 if you're a single household, or $300,000 combined with your spouse.
>>Schedule a meeting at https://gsprei.com/contact/ to get more details.
