The Side Hustle Show 721: $1k a Month with your First Co-Living Property
Feb 5, 2026
Sam Wegert, co-living real estate entrepreneur who scaled a portfolio of multi-room rentals and teaches others at ScaleYourRealEstate. He explains how converting houses into co-living spaces multiplies cash flow, the square-foot rule for room conversions, zoning and financing workarounds, and practical tips for screening, operations, and scaling profitable co-living homes.
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Start With House Hacking Loans
- Use primary-residence financing and house-hack to start with minimal down payment, then buy another primary residence after a year.
- Convert the first property to co-living after you move out to scale with low initial capital.
Ask Sellers To Fund Rehab At Closing
- Negotiate seller-paid rehab by increasing the purchase price and asking the seller to pay the contractor at closing.
- Wrap conversion costs into financing to avoid large upfront rehab payments.
Five-Point Property Checklist
- Use a five-item property checklist: no HOA, neighborhood fit (working-class), large square footage, no amenities like pools, and commute/parking suitability.
- Aim for two-thirds parking spots of bedroom count and proximity to employers/public transit.