American Homeowner Preservation CEO is Panelist at REO to Rental Forum

Chicago, IL (PRWEB) May 06, 2014

On May 14, American Homeowner Preservation (“AHP”) CEO Jorge Newbery will participate in a panel for IMN’s second annual Spring Single Family Aggregation: The REO-To-Rental Forum. The forum will be held in Florida at the Boca Raton Resort and Club and covers the institutional single-family investing market. Some of the topics to be discussed relating to the institutional single-family investing market are portfolio management, new financing methods and buying from and partnering with institutions. The panel Newbery will participate in will focus specifically on problem management in dealing with tenants.

Newbery was invited to participate on this panel based on his experience in property rental and to share his insight in dealing with problematic tenants. Newbery has owned and operated more than 4,000 units nationwide, including an 1100 unit housing project in Columbus, OH, which was once known as “Uzi Alley” for its high crime environment. Newbery and the property manager, John Gregory, were able to turn around the housing project by implementing a program that gave drug dealers and other felons, many of whom resided at the complex, employment operating and renovating the property. The program not only provided a legitimate source of income, but also instilled values in tenants who were previously creating challenges at the property. “We had to talk to them about integrity, taking care of their kids, all that. So we were really building character in these people,” Gregory said.

The property was ultimately torn down due to damage incurred as a result of a devastating ice storm, but the progress made in helping tenants change their lives still resonates with many people to this day. Newbery is still striving to change lives, though now he is focusing on solving the nation’s foreclosure crisis. Newbery’s company, AHP, purchases pools of distressed mortgages from banks at substantial discounts and works with homeowners to avoid foreclosure. Newbery draws on his experience working with tenants and believes that “working with homeowners to keep their homes is similar to working with tenants, and when problems arise, the best solutions are expeditious, consensual and cost effective.”

AHP uses real estate crowdfunding to raise funds to purchase the pools of distressed mortgages and offers accredited investors 9-12% returns. AHP attracts investors throughout the country and Newbery will be to meeting with investors during his stay in Florida to discuss AHP’s impact investing strategy. Last year’s event had more than 800 executives in attendance, over 120 speakers and 24 panel sessions. An additional day has been added to this year’s forum which will include more sessions and a golf tournament.

American Homeowner Preservation started in 2008 as a 501c3 nonprofit before transitioning to for profit and evolving into a socially responsible hedge fund. AHP recently added crowdfunding, offering 9 – 12% annual returns to investors. To learn more about AHP, visit https://ahpinvest.com, call 800-555-1055 or email info(at)ahpinvest(dot)com.

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