Episode 53 – John Laine

 

“It is expensive. I mean we have a list of no less than 30 contractors, right? I mean, it's a paperwork nightmare. But the end result is you get to help somebody become a homeowner for the first time. I mean, yes, what we do is time consuming and costly, but the net result is you're stabilizing homes. You're giving kids a better chance to grow up in a better neighborhood. They're more likely to have healthy marriages, happy marriages. They're more likely to go to college. You're helping someone go from the bottom rung financially to the first step onto financial freedom. Like your podcast is called The Millionaire Journey, it starts with ownership.”

 

Join me this week as I interview John Laine, the Compassionate Capitalist and founder of the Condo.Fund. John has had an incredible entrepreneurial journey starting at the age of 11, when he and his twin brother created a “chain” of Kool-Aid stands. He bought his first house at 19 and was “house hacking” before the term existed. Fast forward to his late 20s, John was diagnosed with a brain tumor and due to medical debt lost his car, his home, and all the financial benefits he had worked to achieve. During that challenging time, John discovered flipping houses and started his path to real estate success. Today, John focuses on condo conversions with a mission to help others overcome homeownership barriers using innovative investment solutions.

 

John and I discuss:

 

·         His entrepreneurial beginnings: Kool-Aid stands and fish breeding

·         The impact of terminal illness on his financial journey

·         How adversity influenced his life mission and career

·         Rebuilding his portfolio after the financial crash

·         Innovative solutions for housing affordability

·         The basics and process for condo conversions

·         The life-changing impact of home ownership

·         How tenant ownership improves community stability

·         Solving the housing crisis with compassion and creativity

LinkedIn: @john-condo-fund

https://condo.fund/

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Podcast Management by Kelly Carlson Creative Services