REI158: Exploring Tokenized Real Estate w/ Jerry Chu

<p>Patrick Donley talks with Jerry Chu about his company Lofty, democratizing real estate investing, tokenized real estate, and much more!</p><p>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.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><p>00:00 - Intro</p><p>21:05 - How Lofty is democratizing home ownership through fractionalized ownership using the blockchain.</p><p>21:05 - Why real estate is inaccessible for most people.</p><p>21:05 - What the benefits of using the blockchain are in real estate.</p><p>28:23 - How tokenized real estate ownership works.</p><p>28:23 - What a DAO is.</p><p>55:56 - The advantages to a seller of using Lofty.</p><p>01:02:17 - How fractional ownership is different from owning a REIT.</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Robert’s book <a href="https://amzn.to/3rBREBQ" rel="noopener noreferrer" target="_blank"><strong>The Everything Guide to House Hacking</strong></a>.</li><li>Related Episode: Listen to <a href="https://link.chtbl.com/REI117" rel="noopener noreferrer" target="_blank"><strong>REI117: Warren Buffett Owns REITs, Should You? w/ Brad Thomas</strong></a>, or watch the <a href="https://www.theinvestorspodcast.com/real-estate-101/reit-investing/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li><li><a href="https://www.theinvestorspodcast.com/business/can-blockchain-help-my-mortgaging-business/" rel="noopener noreferrer" target="_blank"><strong>Can blockchain help my mortgaging business?</strong></a></li><li><a href="https://amzn.to/3CUOqzA" rel="noopener noreferrer" target="_blank"><strong>Unlock th