Cashflow by the Room : Breaking Down Co-Living Real Estate | Joe Moffet E448
The Rich Somers Report
Rich Somers
5.0 • 1K Ratings
🗓️ 10 January 2026
⏱️ 29 minutes
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| 0:00.0 | Hey guys, real quick, my company Summers Capital will be adding two more boutique hotels to our portfolio here in 2026 and we don't do it alone. We partner with busy professionals and business owners looking for passive income and tax benefits but don't have the time to do it actively. So if this sounds like you, go to Summerscapital.com slash invest to join our investor wait list. Now back to the show. You know, restaurant artworkers, things like that, they can't afford the prices, right, of homes. And so they need affordable housing. And the cheapest |
| 0:26.8 | studio apartment in Boise is $1,200 plus utilities, plus internet. You're looking at $1,500 a month. |
| 0:33.1 | But if we can get people in for $7 to $900 a month, we're saving them almost 40 to 60% on their, |
| 0:39.5 | you know, their budget for living expenses. |
| 0:41.4 | That helps someone out a lot when they're making $3 to $5,000 a month. |
| 0:45.5 | Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building, |
| 0:49.7 | all while keeping it real. |
| 0:51.0 | No fluff, no BS. |
| 0:52.7 | I hope that you enjoy the show. |
| 0:59.0 | No, while keeping it real. No fluff, no BS. I hope that you enjoy the show. All right, guys, welcome to another episode of The Report today. I got someone who specializes |
| 1:05.9 | in coaching financial freedom. He's a real estate investor himself. I got my man Joe Moffitt in the building. |
| 1:11.6 | Joe, welcome to the show, brother. Thanks for having me, Rich. Excited to be here. Yeah, I appreciate you |
| 1:15.1 | coming on, dude. So my first question for you is this, man. Do you feel like real estate investing |
| 1:22.3 | is truly passive? I think you're always going to have some element that you're going to have to do. I think it |
| 1:28.4 | could be it's, you're definitely going to work less than you would at a nine to five clearly, but I think |
| 1:32.9 | there's always an element that you're going to have to have active income or active working. And so I don't |
| 1:37.6 | think you're ever truly passive, but you can put teams in place to actually help you become more |
| 1:42.9 | passive and buy your time back, |
| 1:44.6 | a lot more of it. Yeah, I agree. I think a lot of people like bigger pockets, I listen to |
| 1:50.5 | bigger pockets when I first got in the real estate game and they preached a lot of financial |
| 1:53.4 | freedom. But the more I get in the game, the more I realize, man, if you want to operate a high |
| 1:58.0 | level actively, especially in the hotel game that we do, it's, it's anything but passive. |
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