Apr 2, 2024
He is a third-generation Southern Californian who is making it big in a state where many real estate developers are fleeing. The wisdom he brings from success in a market where many others fail is invaluable. Whether you are new or tuning into the show for the first time, I know you’ll find great value in today’s program.
Scott founded the Urban Pacific Group of Companies in 2000. Since then his company has brought over 1700 units of affordable housing to communities throughout the western USA.
The Choppin family has been in real estate development in Long Beach since 1960, which includes highlights such as the development of the Long Beach World Trade Center and the 293-unit CityPlace residential development in downtown Long Beach. Scott is an innovator in the fields of urban housing, mixed-use projects, and affordable/middle income housing communities throughout the Western United States.
In this episode, we talked to Scott about workforce housing, proper deal financing and structuring, co-living, and the market, and much more.
Announcement: Join our Apartment Investing Community here.
Workforce Housing without Government Aid;
02:21 Scott's background;
05:13 What is workforce housing;
12:45 Structuring deals accordingly, in regards to financing;
24:19 An insight into co-living;
36:48 Round of insights
Announcement: Don’t miss the Best Ever Conference this year on April 10th to 12th. Use my code CASMON15 for 15% off!
Round of Insights
Apparent Failure: Being bold during the recession and underestimating the market signals.
Digital Resource: Calculated Risk Blog.
Most Recommended Book: The One Thing.
Daily Habit: Walking 10,000 steps every morning.
#1 Insight for urban townhome development: There’s a great demand for homes for the working class, even though it seems like a forgotten market, and it’s highly profitable.
Best Place to Grab a Bite in Long Beach, CA: Joe Jost’s
Scott’s newsletter: https://therealsignal.substack.com/
Contact Scott:
Urban Pacific Investor Education
Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.