#338: Real Estate Investing, the Co-living business model, and So Much More! -with Johnny Wolff

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 31 August 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

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:

https://livehomeroom.com/team

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

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.2	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.0	Hey guys, Kevin Bup here, and I want to welcome to another episode of the Real Estate
0:33.6	Investing for Cashflow podcast, where our mission is to help you build and maintain
0:37.8	massive amounts of cash flow through income producing real estate investments.
0:42.3	And our guests for its week's show is real estate and co-living expert, Johnny Wolf.
0:46.4	Now, Johnny is the CEO and founder of Homeroom Co-Living, one of the fastest growing co-living
0:50.4	companies in the U.S.
0:51.9	After starting his career as a financial analyst in Silicon Valley, he relocated to
0:55.6	Austin, Texas, to pursue real estate investing full-time.
0:58.7	His love for real estate investing, he's been investing since 2008, and also living with
1:02.8	roommates, which he's been doing since 2002, motivated him to start Home Room back in 2017.
1:08.4	And in 2020, Home Room boasted 99% on-time rent payments, full
1:13.9	occupancy, and zero evictions. Sales velocity for Home Room is up nearly 300% in 2021 with hundreds
1:20.5	of happy residents across 23 cities and three states. And so, guys, without further do, I'd like to
1:25.1	welcome Johnny Wolf here to the show. Johnny, how you doing, my friend?
1:28.3	Doing great.
1:29.2	Great to be here.
1:30.4	Yeah, yeah.
	...

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