# Community Uplift: He's building affordable Single-Family homes for survivors of domestic violence.

An episode of [Money Making Conversations Master Class](https://invisiblenetwork.ai/podcast/1264705641), 29 May 2025, 23 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/b1db7263-d1a3-4d00-8976-af62012aab44/b81680e2-da58-4b78-852e-b234013f8e48/audio.mp3?utm_source=Podcast&in_playlist=35a10561-3e1b-4d05-a529-af62012aab6a

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Lamar Fletcher. He founded Fletchers Multi-Family Fund in 2020 as a private investment group aimed to help private investors earn short term capital gains on their invested capital in the Short-term rental space where he has managed over 42 short-term rental units for clients and 10 units in his own portfolio. Lamar has built a lucrative business using a process that has helped him to now be honored to be capital raising expert and an operator in the rental arbitrage space and single/ multi-family development space. He has developed a skill set in increasing revenue, driving value turning distressed assets to profitable investments. Lamar has been passionate about providing more affordable housing high quality units because he believes that every family should have quality housing despite their income level. High quality housing should be an essential from poor communities to rich. It is one essential of life that we all should share equal accessibility. Fletchers Multi-Family Fund was started by Lamar to help to improve and give all families adequate housing. We focus on implementing affordability to Mixed-Use Real estate development opportunities where we can accumulate wealth investing in value add distressed assets. Talking Points/Questions * Tell me about the funding Developed a skill set in increasing revenue, driving value turning distressed assets to profitable investments. You believe that every family should have quality housing despite their income level. How does it work? What inspired you to launch a program for women who are victims of domestic violence? What do you need to realize your goal sets? Company Description * Private Equity firm focused on affordable Single Family & Multi-family Mixed-use Real Estate Developments We focus on implementing affordability to Mixed-Use Real estate development opportunities where we can accumulate wealth investing in value add distressed assets. #STRAW #BEST #SHMS Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcast See omnystudio.com/listener for privacy information.

## Transcript

[0:05] Speaker 1: Welcome to the show. I am Rashaan McDonald, the host
[0:07] Speaker 1: of Money Making Conversations Masterclass, where we encourage people to
[0:11] Speaker 1: stop reading other people's success stories and start planning their own.
[0:16] Speaker 1: Listen up as I interview entrepreneurs from around the country,
[0:19] Speaker 1: talk to celebrities and ask them how they are running
[0:22] Speaker 1: their companies, and speak with dog profits who are making
[0:25] Speaker 1: a difference in their local communities. Now, sit back and
[0:28] Speaker 1: listen as we unlock the secrets to their success on
[0:31] Speaker 1: Money Making Conversations Masterclass. Hi, I'm Rashan McDonald, our host
[0:37] Speaker 1: this weekly Money Making Conversation Masterclass show. The interviews and
[0:41] Speaker 1: information that this show provides off for everyone. It's time
[0:44] Speaker 1: to stop reading other people's success stories and start living
[0:47] Speaker 1: your own. I'm here to help you reach your American dream.
[0:50] Speaker 1: If you want to be a guest on my show,
[0:52] Speaker 1: please visit Moneymakingconversations dot com and click to be a
[0:57] Speaker 1: guest button. My next guest founded a p of an
[1:00] Speaker 1: equity firm focused on high quality, affordable, single family and
[1:03] Speaker 1: multifamily mixed use real estate developments. He launched a program
[1:08] Speaker 1: for women who are victims of domestic violence. Please welcome
[1:12] Speaker 1: the Money Making Conversations Masterclass, Lamar Fletcher. How you doing Lamar?
[1:16] Speaker 2: Hey, you guys, I'm doing well. How you doing well?
[1:18] Speaker 1: You're you're Georgia native. You know. For those who are unaware,
[1:23] Speaker 1: I do see my guests on video, even though this
[1:26] Speaker 1: is an audio interview, and he has Georgia Bulldog Red
[1:29] Speaker 1: all over himself. He is. He's ridiculous, y'all. He's ridiculous,
[1:34] Speaker 1: all this Georgia Red. But I understand when you won
[1:37] Speaker 1: two national championship back to back, you can promote yourself
[1:40] Speaker 1: like that. But mister Lamar, you on the show to
[1:44] Speaker 1: talk about what you're doing in the community. Give us
[1:46] Speaker 1: a little background about you. Who is Lamar Fletcher?
[1:49] Speaker 3: Okay, I'm Lamar Fletcher. I'm Lamar Fletcher. Born and raised
[1:53] Speaker 3: here in Atlanta, Georgia. I grew up over in the
[1:56] Speaker 3: West side of Atlanta, specifically on City and English Avenue communities.
[2:03] Speaker 3: I graduated from Frederick Douglas High School. So I'm at
[2:05] Speaker 3: real Atlanta native born and raised. You know, when you
[2:09] Speaker 3: say Atlanta, we're talking about Atlanta here, you know. And
[2:12] Speaker 3: I was fortunate enough to be able to go forward
[2:15] Speaker 3: a boss my studies in complete graduate school at University
[2:20] Speaker 3: of Georgia where I was able to continue a VASS
[2:23] Speaker 3: career and background and finance and finance.
[2:26] Speaker 1: Now, let's let's talk about it. Let's keep it a
[2:28] Speaker 1: mind of descriptive about where you come from. Okay, fourth Ward.
[2:31] Speaker 1: I came from fifth Ward. That's an impoverished community in Houston, Texas.
[2:36] Speaker 1: People have stereotypes by people who come from Fifth Ward.
[2:39] Speaker 1: Some of the stereotypes about your community and some of
[2:42] Speaker 1: the people people expect to come out of the community.
[2:44] Speaker 1: Tell us a little bit more description of what fourth
[2:46] Speaker 1: Ward really is.
[2:53] Speaker 2: I grew up in which was vivin City English Avenue.
[2:56] Speaker 3: You're talking about the community that was played with violence,
[2:59] Speaker 3: the highest of poverty in the nation, with lack of
[3:02] Speaker 3: opportunities for progression. And I like to tell people that,
[3:07] Speaker 3: you know, I like to look at myself as a
[3:09] Speaker 3: dominant rough, you know, one of the very few that
[3:12] Speaker 3: made it off the block, you know, because I knew
[3:15] Speaker 3: that there was something that I had in me to
[3:18] Speaker 3: go far and beyond and be able to reach back
[3:21] Speaker 3: and pull support some of my friends and family members
[3:24] Speaker 3: back up behind me from the ac collabse success and
[3:27] Speaker 3: I'll be able to achieve. So, you know, I just
[3:31] Speaker 3: just thankful that, you know, you know, I had the
[3:33] Speaker 3: vision throughout my years of childhood and adulthood to know
[3:38] Speaker 3: that it was something that was a calling and a
[3:41] Speaker 3: purpose amongst me that I had to fulfill. Regardless of
[3:44] Speaker 3: how hard it was, what stomp roadblocks I had to
[3:47] Speaker 3: cross over, I just knew that there was something I
[3:50] Speaker 3: had to achieve that was greater than myself for the
[3:52] Speaker 3: upbringing of my community which I came from.
[3:56] Speaker 1: We know, Lamar, thank you for coming on Money Making
[3:58] Speaker 1: Conversation master Class. You know, when I read this founded
[4:02] Speaker 1: a private equity firm? What exactly is a private equity firm?
[4:06] Speaker 3: So, private equity firm is an institution, a firm that
[4:09] Speaker 3: basically raises capital privately from private investors and privately individuals
[4:14] Speaker 3: for the sole purpose of investments. Investments can be a
[4:18] Speaker 3: bass rate from real estate to buying businesses, doing cryptocurrency,
[4:23] Speaker 3: or whatever the asset class may be. But the sole
[4:26] Speaker 3: purpose is pulling capital together from several private individuals to invest.
[4:32] Speaker 1: And so your degrees in finance right, University of Georgia. Okay,
[4:37] Speaker 1: did you just get an undergraded undergraduate.
[4:39] Speaker 2: Degree, undergrad undergrad undergrad.
[4:41] Speaker 1: Undergradugree and so you decided out something. I'm gonna do
[4:45] Speaker 1: something about my community. I'm gonna create affordable housing. Explain
[4:49] Speaker 1: to everybody what exactly be cause you know, a lot
[4:51] Speaker 1: of people use the word affordable housing. It seems like
[4:54] Speaker 1: every political election, every local mayor or government or president election,
[4:58] Speaker 1: they always talking about we're gonna provide affordable housing to
[5:01] Speaker 1: you give your shot to be a homeowner. What exactly
[5:04] Speaker 1: is affordable housing?
[5:06] Speaker 4: Oh?
[5:06] Speaker 3: I try to sell affordable housing in my in my
[5:09] Speaker 3: way is with anything thirty percent of ami you know,
[5:14] Speaker 3: area media income or below that basically to meet the
[5:18] Speaker 3: metrics of where you make sure that a person is
[5:21] Speaker 3: spending all their income on housing.
[5:24] Speaker 2: It may be based upon the area media and income range.
[5:28] Speaker 3: And I don't think that that's that's not really affordable
[5:31] Speaker 3: housing because everybody in that area may not be shaped
[5:35] Speaker 3: around what the area income may say it may be.
[5:39] Speaker 3: So we look at affordable house we just look at
[5:41] Speaker 3: more of the individuals that we're targeting at the lowest
[5:45] Speaker 3: bracket and make sure that it's affordable for those families.
[5:50] Speaker 1: Okay, let me, let me give me. I'm gonna throw
[5:53] Speaker 1: numbers at you because you know it's affordable because you said,
[5:55] Speaker 1: affordable houses a third of your income. Correct, Yeah, okay,
[5:59] Speaker 1: So so basically that's what your mortgage rate should be
[6:03] Speaker 1: that you pay every month. It's a third of your
[6:05] Speaker 1: income because you don't want it to exceed that, because
[6:07] Speaker 1: suddenly you're just paying a mortgage and you can't do anything.
[6:09] Speaker 1: You can't pay life bibs, you can't pay food, and
[6:11] Speaker 1: so you just trapped in a house. You got a house,
[6:14] Speaker 1: but you can't do nothing else. That's what you're trying
[6:16] Speaker 1: to do when you say affordable housing. So in these communities,
[6:20] Speaker 1: you know, because of the fact that it becomes a
[6:22] Speaker 1: government and a political ploor all the time saying they
[6:25] Speaker 1: offer it it's a sixty thousand dollars home or one
[6:28] Speaker 1: hundred thousand dollars home or a two hundred thousand dollars loan.
[6:31] Speaker 1: What is affordable housing? I guess I'm trying to get
[6:33] Speaker 1: a number that you can help my listeners understand. When
[6:37] Speaker 1: you use the term affordable housing, what exactly are you
[6:40] Speaker 1: talking about?
[6:41] Speaker 3: I think to you know, for the years the city
[6:45] Speaker 3: have confused with income levels based on a job.
[6:50] Speaker 2: When we talk.
[6:50] Speaker 3: About affordable housing, we're not We're not misconsured with income levels.
[6:55] Speaker 3: But instead of time it with the home, actual home level,
[6:59] Speaker 3: or whatever the home call may be. So we don't
[7:01] Speaker 3: want to buy a home regardless across the board, or
[7:04] Speaker 3: sell a home that it seeds two hundred and fifty thousand,
[7:07] Speaker 3: because we know that because the interest rates, which is
[7:10] Speaker 3: things that we can't stop, if a person get a
[7:13] Speaker 3: mortgage or if they get a payment on a home,
[7:15] Speaker 3: it can be easily unaffordable if it is seed the
[7:18] Speaker 3: two fifty range. So we try to stick with the
[7:21] Speaker 3: overall purchase price and keep that condition within a certain range,
[7:26] Speaker 3: which most of the time they don't to see three
[7:27] Speaker 3: hundred thousand. To make sure that if a person made
[7:30] Speaker 3: thirty or up to sixty thousand, they will be able
[7:34] Speaker 3: to afford a home between one fifty and three hundred.
[7:37] Speaker 3: So we're building homes around that range, starting off this
[7:41] Speaker 3: year where we're building a tiny home village.
[7:44] Speaker 1: Right, and how many bedrooms and bathrooms are that when
[7:47] Speaker 1: you say then how much the square foot ise you.
[7:48] Speaker 3: That it would be like five hundreds first foot to
[7:52] Speaker 3: start up to one thousand foot.
[7:55] Speaker 1: Now, when you're talking about building these homes and how
[7:58] Speaker 1: do you recruit the people for this affordable housing opportunity
[8:02] Speaker 1: and what qualifications do they have to have, you know,
[8:04] Speaker 1: because that's the whole part. You know, if you're not
[8:06] Speaker 1: in you know, your credit might be under seven hundred,
[8:10] Speaker 1: your income level, your job, how do you get a
[8:13] Speaker 1: person in that home that you're building right now through
[8:16] Speaker 1: flood to your firm, your private equity.
[8:18] Speaker 2: Firm, well right now.
[8:20] Speaker 3: We've been working with agencies such as you know, different
[8:24] Speaker 3: domestic violence agency that deal with these women are single
[8:28] Speaker 3: moms that have been impacted by the survivorship of abuse.
[8:33] Speaker 3: The problem that we've noticed that through the program that
[8:37] Speaker 3: these waters have went through abuse sometimes financially or they
[8:40] Speaker 3: had someone taking care of them financially and they never
[8:43] Speaker 3: had financial peace or they was able to be able
[8:46] Speaker 3: to take care of their own financial burdens. So because
[8:49] Speaker 3: of that, we spent a lot of time teaching financial
[8:52] Speaker 3: literacy to these families, teach them how to manage, how
[8:55] Speaker 3: to budget, and how to earn income first, to start
[8:58] Speaker 3: off with off the twenty four month program, they go
[9:02] Speaker 3: to a rigorous credit repair program all alongside with the
[9:06] Speaker 3: advisor that helps them to build their credit and also
[9:11] Speaker 3: put them with a home mortgage officer along with a
[9:15] Speaker 3: realtor that helps them to prequalify for a home that
[9:19] Speaker 3: will be within their base of affordability with the tiny
[9:22] Speaker 3: Home community. We're so happy to have twenty two individuals
[9:27] Speaker 3: that are already pre qualified from that program to be
[9:30] Speaker 3: able to go forward and get one of the tiny
[9:32] Speaker 3: homes at completion because they have completed the overall program
[9:37] Speaker 3: that we have provided to help these women become financially
[9:42] Speaker 3: I would say savvy again.
[9:44] Speaker 4: Please don't go anywhere. We'll be right back with more
[9:47] Speaker 4: Money Making Conversations Masterclass. Welcome back to the Money Making
[9:58] Speaker 4: Conversations master Class hosted by Rashaan McDonald.
[10:02] Speaker 1: It's really you're really interesting. Now. What is motivating you?
[10:05] Speaker 1: You know because of the fact that you know, you
[10:07] Speaker 1: go to college, get a finance degree, start a private
[10:11] Speaker 1: equity firm, and you're gearing your success on affordable housing.
[10:16] Speaker 1: You know, this is Money Making Conversations master Class. What
[10:19] Speaker 1: is your business model?
[10:21] Speaker 3: Well, well, you know, when I think about you know,
[10:24] Speaker 3: I love affordable holidays, for one, because the city provides
[10:27] Speaker 3: subsidies for it to make hausing safe and affordable. Again,
[10:32] Speaker 3: We've been really dabbling around in space one because it's
[10:35] Speaker 3: it close to me because I remember growing up over
[10:37] Speaker 3: in the west South Atlanta and to have affordable halls,
[10:41] Speaker 3: and back in my day it wasn't necessarily the safest.
[10:44] Speaker 3: So the deepest the keeper you pay, the harder it is,
[10:50] Speaker 3: and the most the more unsafe the conditions may be.
[10:53] Speaker 3: Which now we're fortunate enough to have the opposite of that,
[10:57] Speaker 3: where Atlanta is becoming more of a safe area and
[11:00] Speaker 3: they're beginning to build affordable housing then more safer than
[11:03] Speaker 3: thriving communities. So because of that, now I'll be able
[11:07] Speaker 3: to spend more of my time just trying to target
[11:10] Speaker 3: different areas that we can go in that may have
[11:13] Speaker 3: been disadvantaged or depressed or disprest and we look to
[11:18] Speaker 3: provide housing opportunities at an entry level that help families
[11:22] Speaker 3: be able to not only be able to afford it,
[11:25] Speaker 3: but they won't have to take on such a big
[11:26] Speaker 3: down payment that may exceed something that we know they
[11:30] Speaker 3: couldn't afford to.
[11:31] Speaker 2: Do in the first place.
[11:33] Speaker 3: So most of our down payment costs of betweeny five
[11:35] Speaker 3: and ten thousand, and even with that, we have charitable
[11:40] Speaker 3: you know, charitable donations and also subsistant programs that help
[11:44] Speaker 3: to provide the down payment assistance. So affordable housing provide
[11:48] Speaker 3: a lot of opportunities where people are able to get
[11:50] Speaker 3: that assistance one because it's not outrageously high.
[11:54] Speaker 2: Want to behalf of the down payment.
[11:56] Speaker 1: Now let's talk about you as an individual. You know,
[12:00] Speaker 1: I'm talking to Lamar Flectcher. Excuse me, Lamar Fleccher. You
[12:04] Speaker 1: believe that every family should have a quality housing opportunity
[12:08] Speaker 1: despite their income level. That sounds very personal to you, Lamar,
[12:12] Speaker 1: talk to us absolutely.
[12:14] Speaker 2: I believe very home. Every family should have a home.
[12:17] Speaker 3: You know, as I pick it back on my story
[12:19] Speaker 3: growing up, you know, because we wasn't you know, my
[12:22] Speaker 3: parents didn't have the fortune to.
[12:24] Speaker 2: Have high paying jobs.
[12:26] Speaker 3: We was kind of limited, you know to you know,
[12:30] Speaker 3: haulsing that was sometimes distressed, didn't necessarily have heat or
[12:34] Speaker 3: air or based or basically the basic needs of a home.
[12:39] Speaker 3: And I believe that because of that experience, that haulsing
[12:41] Speaker 3: should be an essential need and something essential that everybody
[12:45] Speaker 3: have quality, a quality.
[12:46] Speaker 2: Usage of alongside their lifetime.
[12:49] Speaker 3: You know, I've seen where you know, families, because they
[12:53] Speaker 3: don't have this income level, they will get this type
[12:55] Speaker 3: of housing. You know, they will get hit in the
[12:57] Speaker 3: public hausing back in the day, such as the Old
[13:00] Speaker 3: Bluff you know the old we have the Cannonsville, you
[13:03] Speaker 3: have the old born homes, all these communities that was
[13:06] Speaker 3: considered public housing that they host us in because we
[13:09] Speaker 3: was at a certain restricted level of income that was marginalized.
[13:13] Speaker 3: And now today I'll fight to make sure that the
[13:16] Speaker 3: marginalized individuals still have a shot at home ownership and
[13:20] Speaker 3: that is affordable and that is an opportunity for them
[13:23] Speaker 3: to be in a safe community regardless of their income.
[13:26] Speaker 1: Cool lamar preaching, y'all, did you hear him? You know,
[13:29] Speaker 1: he got a got a voice, went up a little
[13:31] Speaker 1: bit talking about marginalizing using those words. You know, did
[13:33] Speaker 1: you pull out of a book that's a Georgia degree. Therefore, hey,
[13:38] Speaker 1: when you're talking about how does this work, what's your website?
[13:40] Speaker 1: Because I really will people to understand and do a
[13:43] Speaker 1: little research on it, because Georgia big state, the southeast
[13:46] Speaker 1: part of the country may have relatives, cousins, sister, brother
[13:49] Speaker 1: people moving down here. Because all my life, man, you know,
[13:54] Speaker 1: my fight is to let people know there is a
[13:57] Speaker 1: different way to win. Yes, allow people to just tell
[14:01] Speaker 1: you your story and this is read this story and it's
[14:03] Speaker 1: the only story that you could read and you'll be
[14:05] Speaker 1: able to succeed in and you are now on the
[14:08] Speaker 1: same page. I provide information, I provide a platform to
[14:11] Speaker 1: get your story outs. What's your website and how this
[14:14] Speaker 1: is worked? Talk to us like Lamar.
[14:16] Speaker 3: My website is Fletcher's Multi Family Fund, and it's basically
[14:20] Speaker 3: a website that gives the entirety of what our firm
[14:23] Speaker 3: stands for and it shows you know, what the things
[14:26] Speaker 3: that we're currently working on in the affordable housing space.
[14:30] Speaker 3: So we're always looking for investors that allow with what
[14:34] Speaker 3: we're doing and then understand the need for quality housing
[14:38] Speaker 3: because you know, it could be your family, it could
[14:40] Speaker 3: be you, you know, and the day we're living in
[14:43] Speaker 3: Even the rich people are looking.
[14:44] Speaker 2: For affordable housing.
[14:46] Speaker 3: So this is not an issue that's just for low income.
[14:49] Speaker 3: This is all American issue. And you know, those that
[14:52] Speaker 3: can chip in and help invest and earn and grow
[14:55] Speaker 3: their wealth by way of helping to make a difference
[14:58] Speaker 3: in affordable housing, I think there's gonna be a way
[15:00] Speaker 3: to grow your wealth than knowing that alongside a difference
[15:04] Speaker 3: was made in a lot of others.
[15:06] Speaker 1: It's really amazing when you start using words like diversity,
[15:09] Speaker 1: the echoity, and inclusion when you start using like afforded
[15:12] Speaker 1: halls and people immediately think that's just black people. They
[15:16] Speaker 1: just immediately think, you know, black people need a help
[15:19] Speaker 1: in hand. That angers me so much because that is
[15:22] Speaker 1: not the case. You know, a minority today is white women,
[15:26] Speaker 1: black people, Latinos again, lesbian, uh, people who are physically disabled.
[15:32] Speaker 1: That's a minority like Italian. I'm next to going to
[15:35] Speaker 1: tell you Asian community. And so that's really annoys me
[15:39] Speaker 1: about the Spanish communities as well. I think it said
[15:42] Speaker 1: Latino earlier, but I'm just saying that that doesn't get
[15:45] Speaker 1: descripted when it's written out in the political game. You know,
[15:48] Speaker 1: they want to destroy DEI and they point one percent
[15:52] Speaker 1: of black people. When they start talking about affordable housing,
[15:54] Speaker 1: they look one hundred percent of black people. And you
[15:56] Speaker 1: clearly said it, affordable housing is not just for black people.
[16:02] Speaker 1: When they after screwing about three million homes, they're not
[16:04] Speaker 1: talking about three million affordable homes for black people. They're
[16:07] Speaker 1: talking about three million affordable homes for everybody. Now, when
[16:10] Speaker 1: you put your model down, you're talking about affordable homes
[16:13] Speaker 1: for everybody.
[16:13] Speaker 3: Correct, Yep, absolutely, this is all American issues, not just
[16:18] Speaker 3: one that we're targeting, you know, we want.
[16:25] Speaker 2: For everybody.
[16:25] Speaker 1: Now let me ask you this, Okay, when you start
[16:28] Speaker 1: talking about affordable housing, is it restricted to certain areas
[16:32] Speaker 1: of a city in general, a certain zip code that
[16:35] Speaker 1: you can put affordable housing, and how does that work?
[16:39] Speaker 2: Well, I will say, you know, I'm glad you asked that.
[16:42] Speaker 3: That's a good question because when you look at affordable housing,
[16:45] Speaker 3: you have certain parts of the city that I would
[16:49] Speaker 3: see that offer more support for affordable housing because I
[16:53] Speaker 3: guess more of their demographic.
[16:54] Speaker 2: Group will aligned with the need for affordable housing.
[16:58] Speaker 3: So you might have areas Swani or JUG's Crete that
[17:02] Speaker 3: may not offer affordable housing because majority of their population
[17:07] Speaker 3: is deemed to be you know, maybe you know, quality
[17:11] Speaker 3: network or being able to have a quality stable income.
[17:14] Speaker 3: So that's something that we've been struggling with because I
[17:18] Speaker 3: believe that affordable houses should be everywhere, not just based
[17:21] Speaker 3: on income, because we got people that have high income
[17:24] Speaker 3: levels that are struggling with income, you know, you know,
[17:28] Speaker 3: because of financial literacy.
[17:30] Speaker 2: So we try to fight to put affordable housing everywhere.
[17:33] Speaker 2: I don't want to just.
[17:34] Speaker 3: Target low income or dispress communities that has traditionally been
[17:38] Speaker 3: the you know, been the focal point for many. We
[17:41] Speaker 3: want to go into the white communities, the rich to
[17:43] Speaker 3: poor all over and basically provide some inclusion because everybody
[17:49] Speaker 3: needs a side of affordability to be able to achieve
[17:51] Speaker 3: the American dream.
[17:53] Speaker 1: Well, I tell you this, when it comes to affordable
[17:56] Speaker 1: houses in certain areas, it's talk. It's called house and evaluation.
[18:01] Speaker 1: You know, you got a million dollar house, you got
[18:03] Speaker 1: one hundred thousand dollars house right down the street. They
[18:05] Speaker 1: call it a comp they're comp there, They're they're appreciator
[18:10] Speaker 1: or evaluate your house. I appraise your house based on
[18:12] Speaker 1: a one hundred thousand dollars house down the street. And
[18:14] Speaker 1: so that's where the argument comes. And that's that's a
[18:16] Speaker 1: justifiable argument because you're in the business of your house
[18:19] Speaker 1: going up, not down when you walk in, and so
[18:22] Speaker 1: that's a justifiable argument. And I can I have no
[18:26] Speaker 1: reason to go against anybody who thinks that they're fighting
[18:31] Speaker 1: for that right because you buy a home for value.
[18:34] Speaker 1: You know, when you buy a car, you drive that
[18:37] Speaker 1: car off that parking lot, value immediately drop. When you
[18:39] Speaker 1: buy a house, your goal is not to put the
[18:42] Speaker 1: key in the door and it's suddenly devalued. You want
[18:45] Speaker 1: to stand there and watch the value go up. Of course,
[18:48] Speaker 1: when the value go up, property tax go up. That's
[18:51] Speaker 1: the whole purpose of going into communities who are being
[18:55] Speaker 1: underserved and offering affordable housing, which and crews bringing up
[19:00] Speaker 1: the property tax and the word that's throwing out a
[19:02] Speaker 1: lot of gentrification. Yeah, talk to me about that work.
[19:06] Speaker 1: If that word get screamed a lot with what you're
[19:08] Speaker 1: trying to do, sir, or it's another word that shouldn't
[19:12] Speaker 1: be used in your line of work.
[19:15] Speaker 2: Well, in all line of work. We we don't really
[19:18] Speaker 2: deal with gentrification as much.
[19:20] Speaker 3: We deal with those that say that we are going
[19:22] Speaker 3: against justification, which sometimes those that are there for different
[19:27] Speaker 3: for a different reason that may not support affordable living.
[19:32] Speaker 3: They would say that we're you know, we're against gentrification,
[19:35] Speaker 3: and sometimes I guess you could say we are because
[19:38] Speaker 3: what we are really because we're just for all inclusive communities.
[19:42] Speaker 3: So we believe that communities should be a result of
[19:46] Speaker 3: all types of people of all income levels, and gentrification,
[19:50] Speaker 3: unfortunately just don't doesn't support that. Uh, it supports only
[19:54] Speaker 3: one level of income of people, and that is something
[19:57] Speaker 3: that we fight against every day. Well, we don't fight
[19:59] Speaker 3: against we just basically push the push the notion to
[20:03] Speaker 3: provide more haulsing in the midst of these areas that
[20:06] Speaker 3: may be growing up, as to make sure that there
[20:09] Speaker 3: are some stabilized areas in Atlanta for those that just
[20:13] Speaker 3: may not be at the high level of living yet.
[20:17] Speaker 1: Wow, I'm talking with Lamar Fletcher. He founded a private
[20:21] Speaker 1: equity firm. Listen up. Everybody's focused on high quality, affordable
[20:25] Speaker 1: single family and multi family mixed use real estate developments
[20:29] Speaker 1: and more importantly, here's a program for women who are
[20:31] Speaker 1: victims of domestic violence. Lamar Fletcher. As we close, please
[20:35] Speaker 1: give out your website again and any contact information, because
[20:38] Speaker 1: definitely people need to just at least inquire and find
[20:41] Speaker 1: out the type of man that you are, the type
[20:43] Speaker 1: of company you're building, and the type of communities you're
[20:46] Speaker 1: trying to change.
[20:48] Speaker 2: Absolutely, thank you, resting, Yeah you again. You know. We're
[20:51] Speaker 2: Fletchers Multi Family real Estate Fund.
[20:54] Speaker 3: Our website is Fletchers Multifamilyfund dot com and our number
[20:59] Speaker 3: to reach us is for zero four seven eight to
[21:02] Speaker 3: one four nine four seven again for zero four seven
[21:07] Speaker 3: eight one.
[21:08] Speaker 2: Forty nine forty seven.
[21:10] Speaker 3: And we're always happily looking for partners that align with
[21:13] Speaker 3: you know and have a heart for affordable housing because
[21:16] Speaker 3: we're continue to push the needle and we can't do
[21:19] Speaker 3: it ourselves.
[21:20] Speaker 2: So we understand the power.
[21:21] Speaker 3: Of collaboration of partnerships and we're looking for every partner
[21:25] Speaker 3: to understand a moss what's going on in America and
[21:29] Speaker 3: the importance of affordable housing to like the financial future
[21:34] Speaker 3: and opportunity for those that may be less fortunate to
[21:38] Speaker 3: have a shot at the American dream of homeownership.
[21:42] Speaker 1: Preach brother, go go Bulldogs, Build Dogs Dogs Fletcher becoming
[21:49] Speaker 1: the Money Making Competation master Class. Brother, I hope you
[21:51] Speaker 1: enjoyed the interview. Man, it's a great journey filled with
[21:53] Speaker 1: a lot of information. Again, this should pointing in the
[21:57] Speaker 1: direction of the American dream and you out there making
[21:59] Speaker 1: it happen. I appreciate you, brother. This has been another
[22:02] Speaker 1: edition of Moneymaking Conversation Masterclass hosted by me Rushawn McDonald.
[22:06] Speaker 1: Thank you to our guests on the show today and
[22:08] Speaker 1: thank you for listening to audience now. If you want
[22:11] Speaker 1: to listen to any episode I want to be a
[22:13] Speaker 1: guest on the show, visit Moneymakingconversations dot com. Our social
[22:17] Speaker 1: media handle is money Making Conversation join us next week
[22:21] Speaker 1: and remember to always leave with your gifts.
[22:23] Speaker 4: Keep winning,

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