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JF 4152: Turning Fires, LIHTC, And HAP Deals Into Big Returns ft. David Kamara
Episode 4152

JF 4152: Turning Fires, LIHTC, And HAP Deals Into Big Returns ft. David Kamara

The Best Ever CRE Show · Joe Fairless

January 16, 20261h 4m

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Show Notes

Matt Faircloth interviews David Kamara of Cape Sierra Capital, who shares how patience, operational discipline, and a willingness to tackle complex deal structures have shaped his investing success. David walks through his path from management consulting to multifamily ownership, explaining how hands-on operations, strong reserves, and trusted property management partners helped him navigate fires, insurance claims, and long hold periods while still delivering outsized returns. The conversation dives deep into niche strategies like LIHTC properties coming off restrictions and Housing Assistance Program (HAP) deals, highlighting why many investors avoid them—and how that creates opportunity for those willing to be patient. David also breaks down why investing close to home, even in smaller Midwest markets, has allowed him to scale efficiently while maintaining control over operations and risk.

David Kamara
Current role: Founder and Principal, Cape Sierra Capital
Based in: Ann Arbor, Michigan
Say hi to them at: https://capesierracapital.com/ |


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