Real Estate Investing for Cash Flow with Kevin Bupp #338: Real Estate Investing, the Co-living business model, and So Much More! -with Johnny Wolff
Johnny Wolff is a real estate and co-living expert.
Johnny's love for real estate investing and living with roommates motivated him to start HomeRoom in 2017. As CEO and Founder of HomeRoom Co-living, Johnny has helped lead one of America's fastest growing co-living companies. And over the past year alone, his company did numbers boasting 99% on-time rent payments, full occupancy, and zero evictions.
Quote:
"We call it 'roommate living with luxury apartment amenities' or 'concierge service'
"We are the platform, right? Our goal is to, over time, become similar to an airbnb but for the living space."
"With co-living we can get up to 70% more in a single-family home, versus as its being rented by one person. So that extra revenue allows investors to make quite a bit more money."
Highlight:
02:05 - Johnny tells us more about himself and how he found himself in this part of real estate.
04:57 - Johnny tells us more about different aspects of his business model.
06:27 - Johnny talks about his experience with online co-living events before and during the pandemic.
07:18 - Johnny discusses HomeRoom's role in the real estate space.
07:50 - Johnny gives an overview of what co-living operations look like.
10:15 - Johnny provides insight into what the average increase return looks like for Home Room.
12:40 - Johnny lists the criteria that allow a co-living home to be successful.
14:10 - Johnny provides us with an overview of the next few years for Home Room.
16:27 - Johnny tells listeners one thing he wants you to know about the advantage of co-living investing.
19:21 - Johnny explains the regulatory risks to this business model.
Guest Website:
Recommended Resources:
- Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
- Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2