Founder & Portfolio Manager

Raphael Locsin

Architect of structured co-ownership in residential real estate — contract income from owner-occupied homes, paid by families who can make the payment but cannot get the mortgage.

Research Download the white paper (PDF)
Raphael Locsin

At a glance

The fund co-owns homes with Florida families locked out of traditional mortgages. The investor and the resident hold recorded ownership interests from day one; the resident’s fixed monthly payment retires the investor’s interest on a stated schedule. About 90% of the return is contractual.

97.2%
Collection rate · 659 of 678 occupied home-months
63
Homes · Florida workforce markets since 2023
53%
Day-one capital recovery from resident down payments
12
Scorecard metrics proposed as a reporting standard

Figures from Structured Co-Ownership in Residential Real Estate (Locsin, 2026), v2026.09. Not an offer to sell securities.

About

Bio

Raphael Locsin is the Founder & Portfolio Manager and the architect of the structured co-ownership model: the buy box, the underwriting standard, and the contract framework every fund property runs on. As Portfolio Manager he owns portfolio construction and maintains the contract-level data tape that goes to investors in diligence, and he has built and run the strategy through 36 months of contract servicing in Florida workforce markets.

He publishes the white paper Structured Co-Ownership in Residential Real Estate and its annual editions.

The fund

The fund co-owns homes with families who can afford the payment but cannot get a traditional mortgage. Based in Miami, Florida, it operates a portfolio of workforce homes across Florida. See the research for the model.

This site

www.raphaellocsin.com is a personal brand site for research. It is not an offer to sell securities.

Contact

How to reach Raphael: