Revolutionizing Property Ownership w/ Jerry Chu (REI158)

Patrick Donley talks with Jerry Chu about how his company is democratizing real estate investing through fractionalized ownership using the blockchain, why real estate investing is inaccessible to most people and how Lofty solves these problems, how tokenized real estate is different from owning a REIT, and what the advantages of a seller using the Lofty marketplace are, and much more!

Jerry is the founder and CEO at Lofty. Prior to founding Lofty in 2018, Jerry worked as a quantitative risk management analyst at Barclays in the treasury risk department. He received a B.S. in Mathematics/Economics from the University of Southern California and a M.S. in Financial Engineering from Claremont Graduate University.

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:17:43 - How Lofty is democratizing home ownership through fractionalized ownership using the blockchain
00:19:18 - Why real estate is inaccessible for most people
00:22:07 - What the benefits of using the blockchain are in real estate
00:24:31 - How tokenized real estate ownership works
00:26:22 - What a DAO is
00:49:45 - The advantages to a seller of using Lofty
00:56:31 - How fractional ownership is different from owning a REIT

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🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/rv-park-investing/

📖  BOOKS MENTIONED:
- Raising Capital for Real Estate by Hunter Thompson: https://amzn.to/3ZuGVsA
- Raising Private Capital by Matt Faircloth: https://amzn.to/3IE23qm
- Best Real Estate Investing Advice Ever by Joe Fairless: https://amzn.to/3iBKuwu
- The Book on Estimating Rehab Costs by J Scott: https://amzn.to/3CA79QP

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀

▶️ RELATED EPISODE:
- (REI117) Warren Buffett Owns REITs, Should You? w/ Brad Thomas: https://link.chtbl.com/REI117/

💡 OTHER RESOURCES
- Connect with Jerry: https://twitter.com/lofty_ai
- Connect with Patrick: https://twitter.com/JPatrickDonley
- Check out Lofty: https://www.lofty.ai/
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3WG6WU3

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ABOUT OUR SHOW 🎙 

On Real Estate 101, we interview successful and experienced investors from various niches such as Chad Carson, Axel Ragnarsson, J Scott, and more about strategies and actionable advice that will help you on your journey, whether you’re just getting started or looking to grow your business.

🌍 Website: https://www.theinvestorspodcast.com/real-estate-101/ 

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WHO I AM:
I’m Patrick Donley, founder and managing director of The Wexford Group, a real estate 🏘️redevelopment company based in Columbus, Ohio. I’ve lived and worked abroad and had a wide variety of adventures including studying economics in Luxembourg, writing for a business newspaper 📰in Vietnam, attempting to learn Spanish 🇪🇸 in Columbia, and biking 🚲across America to raise money for Habitat for Humanity. I can usually be found listening to podcasts 🎧, enjoying time with family and friends 👪, or attempting to hone my golf game ⛳.

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