Gary Acosta is the Co-Founder & CEO of the National Association of Hispanic Real Estate Professionals (NAHREP®) and a 25-year veteran of the housing industry. NAHREP is the nation’s largest minority real estate trade association with over 30,000 members and 80 local chapters. In his capacity as CEO of NAHREP, he created the Hispanic Wealth Project, a 501c3 non-profit organization with a strategic plan to triple Hispanic household wealth by 2024. Mr. Acosta also authored The Hispanic Wealth Disciplines, 10 principles that guide NAHREP members and supporters towards a career of wealth and prosperity. He is the creator of 53 Million and One®, a one of a kind, theatrical presentation that chronicles the true life story of Jerry Ascencio, and his journey from immigrant to successful real estate entrepreneur.
Capital flows towards growth, so one of the biggest mysteries in the history of capitalism is how little capital has flowed to the U.S. Latino cohort. The Stanford Latino Entrepreneurship Initiative (SLEI) says if Latino entrepreneurs had access to a proportional amount of capital as the overall market, it would add $1.5 Trillion to the…
The pandemic has been devastating for all of us – especially those that lost loved ones, and even though it seems odd saying this, there were also some positives. With the vaccines, there is light at the end of the tunnel, but we can never forget some of the things we learned during the pandemic.…
Racial economic inequality is a serious issue. The implications go far and wide and I don’t think it hyperbole to say it poses an existential threat to the nation’s economic well-being. If we don’t do much better, our overall economy will suffer. The recent awakening by corporate America to the problem has prompted dozens of…
Despite the pandemic, Latinos drove growth in the homeownership sector for the sixth consecutive year. Next week, NAHREP releases its 11th annual State of Hispanic Homeownership Report, and without giving too much away, the report is a blockbuster. The youth, work ethic, and vitality of the Latino market is burning up the market, and some…
I used to think I knew a lot about small businesses. I launched too many to count, and I have mentored a few as well. But the world of unicorn start-ups is not something I’ve understood very well until recently. Last Fall, Sol Trujillo and I launched L’ATTITUDE Ventures with a goal to raise $75…
California has trailed much of the country in COVID-19 vaccine distribution, but last week, thanks to my friend Jason Madiedo, my wife, son and I all received our first dose of the Pfizer vaccine in Las Vegas. We were driving from Colorado Springs to San Diego and stopped in Las Vegas to get vaccinated. It…
What do Chris Duarte and Iverson Molinar have in common? They both eat patacones and are moving up NBA draft boards with a bullet. Duarte, who was born in the Dominican Republic and plays for the Oregon Ducks, was runner up for POY in the PAC 12 conference. Molinar, who is from Panama City and…
There is light at the end of the tunnel. A study of 1 million people conducted in Israel that was published by the New England Journal of Medicine confirms the Pfizer BioNTech’s vaccine is 94-95% effective in preventing COVID-19 with symptoms. The study is the largest to date and was greats news for all of…
In June of 2019, Len Wolfson, HUD’s then Assistant Secretary for Congressional and Intergovernmental Affairs, wrote a letter to Congressman Pete Aguilar of California that stated individuals with DACA status remained ineligible for FHA loans. This sent shock waves through the mortgage lending industry because many lenders had been originating FHA loans for DACA recipients…
After the George Floyd murder, and the hundreds of protests that followed, conversations about systemic racism and police reform dominated the airwaves for weeks. One general consensus was that government and major corporations had a responsibility to address the growing issue of racial economic inequality in America. This led to a groundswell of Fortune 100…
Tom Flores was elected to the Pro Football Hall of Fame this past week. He is the first Hispanic quarterback in pro football and the first Hispanic head coach of an NFL franchise. His election to the Hall of Fame was celebrated by Latino organizations such as LULAC and the US Hispanic Chamber of Commerce.…
I’ve been around real estate since I was in high school and my mother first worked at the Montebello MLS. Over the years, I have seen several cycles in this industry. I’ve seen my Realtor® friends go from living in mansions to sleeping in their cars and vice versa. Today, we are experiencing one of…
I recently stumbled on this 70s photo of Puerto Rican legend, Chi-Chi Rodríguez and his caddie, John Lynch at the Masters Golf Tournament held in Augusta, Georgia. Rodríguez, who turned 85 last October, was one of my favorite athletes growing up. It’s a great photo, but the back story is even more interesting. At the…
2020 will be known as the year coronavirus shut down the world as we knew it. It will also be known as the year when terms like systemic racism and economic disparity rose to the top of the national dialogue like never before. In his first week of presidency, President Joe Biden signed three executive…
Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. The Wall Street Journal wrote about Kurland’s career focusing on his conflicts with Countrywide Financial founder, Angelo Mozilo. While Mozilo was a scrappy and flashy entrepreneur from the Bronx, Kurland was a polished former accountant from Los Angeles. Kurland famously left…
COVID-19 got into our household during the holidays. We had a small gathering on Christmas of only immediate family, and within a few days we all had the virus. We still don’t know how we got infected. While most of us were lucky enough to have only mild symptoms, it was still very scary. Six…
We purchased a Peloton just a few weeks before we all went into quarantine last March. I must admit I was skeptical. I walk and shoot hoops when I can, but I have never regularly used any sort of exercise machine. The technology is what first piqued my interest in a Peloton. The more I…
The Urban Institute released a report last week with some interesting news for household and homeownership growth. The report showed homeownership rates are likely to fall in the next two decades, with the exception of the Hispanic homeownership rate which will rise to above 50% and plateau for most of the next decade. Every other…
I watched the movie The Green Book last night. If you haven’t seen it, I highly recommend it. It is a true story set in 1962 about a Black-American classical pianist and his Italian-American bodyguard traveling in the South while on tour. For some reason the movie really hit me hard. It is the kind of story…
Last month, some Democrats, including a number of Latino celebrities, called for a boycott of Goya Foods after their CEO Robert Unanue praised President Donald Trump at a White House event to announce the administration’s Hispanic Prosperity Initiative. I blogged about the issue to boycott or not to boycott. To my surprise, my blog about freedom…
