Lon Welsh, founder of Ironton Capital and a seasoned real estate investor, discusses his journey from house hacking to managing over $80 million in investments. He shares insights on the importance of investor matchmaking and the evolving landscape of office space, particularly through innovative renovations. Lon highlights opportunities in low-income housing and extended stay hospitality. The conversation also delves into strategic investment tactics and the potential for new construction in a competitive market.
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question_answer ANECDOTE
Lon's Early House Hack Start
Lon Welsh started by house hacking, finishing his basement and renting it out to reduce mortgage costs.
Early on, he flipped seven houses, making money on six and learning from one loss.
insights INSIGHT
Match Deals to Investor Risk Tolerance
Investor success depends on aligning neighborhood risk with personal pain tolerance.
Higher potential returns come with more drama and risk; lower returns come with stability.
volunteer_activism ADVICE
Buy or Match Deals Strategically
Real estate agents should buy deals that fit their investment profile, not just sell them.
Matching deals to investors in real time creates wins for everyone involved.
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The Complete Guide to Passive Diversified Real Estate Investing
The Complete Guide to Passive Diversified Real Estate Investing
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Lon Welsh
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
Raising Private Capital
Building Your Real Estate Empire Using Other People’s Money
Matt Faircloth
On this episode of Next Level CRE, Matt Faircloth interviews Lon Welsh, founder of Ironton Capital and seasoned real estate investor managing over $80 million in other people’s money. Lon shares how his journey began with house hacking and fix-and-flips before scaling into brokerage, syndication, and ultimately launching multiple real estate funds. They dive deep into market segmentation, the risk-reward spectrum of different neighborhoods, and why investor matchmaking is key. Lon also unpacks the future of office space, opportunities in low-income housing tax credit (LIHTC) conversions, and the rising potential of extended stay hospitality and new multifamily construction.
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