The Fastest Way to Financial Freedom: The Rent by the Room Method to Make $1,000/month Extra CashFlow

The BetterLife Podcast

Brandon Turner and Cam Cathcart

House Flipping, Multifamily, Real Estate, Wealth, Investing, Business, Real Estate Investing, Self-development, Entrepreneurship, Rental Properties, Health

4.8 • 767 Ratings

🗓️ 10 September 2024

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam and Rachel Wegert are the king and queen of co-living, with over 200 rooms currently rented to great tenants. Together, they’re proving that co-living isn’t just a fad - it’s a cash cow (and maybe even the future of affordable housing!)

But Sam and Rachel’s journey wasn’t all about making at least $1,000/month on every property. Sam grew up homeschooled on a small Virginia farm, later becoming a 15-year-old martial arts school owner. And Rachel navigated a challenging childhood.

In this episode, Sam and Rachel break down their proven system for transforming average homes into cash-flowing machines while maintaining well-functioning living spaces and keeping tenants happy.

Sam and Rachel also talk about:
- Their ideal tenants (and how they find them)
- How to overcome zoning hurdles and navigate tricky legal loopholes
- Why co-living could be the answer to America’s affordable housing challenges
- How they minimize tenant drama and foster community
- Strategies for boosting tenant retention

Books Mentioned:
- Loving What Is by Byron Katie
- The Untethered Soul by Michael Singer
- Think and Grow Rich by Napoleon Hill
- Outwitting the Devil by Napoleon Hill
- Soar with Your Strengths by Donald O. Clifton
- 4-Hour Work Week by Timothy Ferriss

Connect with Sam and Rachel:

Website: https://www.scaleyourrealestate.com/

Sam’s Instagram: https://www.instagram.com/samwegert

Rachel’s Instagram: https://www.instagram.com/rachel_wegert/

Connect with Brandon:

📸 Instagram: https://www.instagram.com/beardybrandon

💻 BetterLife Tribe, Brandon’s Real Estate Investing Mastermind: https://abetterlife.com/

📸 BetterLife Tribe’s Instagram: https://www.instagram.com/betterlife/

💻 OpenDoor Capital, Brandon’s Real Estate Investing Company: https://odcfund.com/

📸 OpenDoor Capital’s Instagram: https://www.instagram.com/opendoorcapital/

Connect with Cam:

📸 Instagram: https://www.instagram.com/cam.cathcart/

💻 Deal Flow Real Estate, Cam’s Real Estate Investing Mastermind: http://dealflowrealestate.com/

💻 Revel City HomeBuyers, Cam’s Real Estate Investing Company: https://revelcityhomebuyers.com/

📸 Revel City HomeBuyers’s Instagram: https://www.instagram.com/revelcityhomebuyers/

Sam and Rachel’s charitable cause (100% of ad revenue goes here):
- Elevation Church - An online church providing LIVE worship experiences where you can connect with “eFam” all over the world

🙏 SHOW SPONSORS

• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/turbotenant_pod Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/toolbox_pod

• BallPoint Marketing: These guys know how to find deals… BallPoint Marketing is the leader (and the company that I use) for all things direct mail marketing! They’ll write the postcards, send them out, build out a CRM, and even field the calls for you! All you have to do is go to https://go.abetterlife.com/bp_pod for a strategy call and a discount!

Interested in building wealth without losing your soul? Join the BetterLife Tribe here: https://join.abetterlife.com/tribe

Transcript

Click on a timestamp to play from that location

0:00.0	If I look back at every beautiful thing that's happened in my life, it did not happen because I orchestrated.
0:09.8	I know that sounds crazy to say because we're all like make it happen.
0:13.2	We're all designers and architects in this room, right?
0:15.3	But if I look back and like, oh, I met her or how I got into cold events, it's, like this had to happen, this, and this,
0:20.8	and this, and this.
0:21.1	And it was a million factors that all came together.
0:23.7	And so if I can then translate that towards the future and say, okay, like, it's not going to
0:27.9	be how I thought it's going to be.
0:29.8	You know, even getting out the martial arts business, like, I thought I was going to be
0:32.3	the martial arts business for the rest of my life.
0:35.5	All these things came together.
0:42.6	And, you know, so we're trying to just build more faith and more trust.
0:45.4	So when things come by, we can't take them more seriously.
0:52.3	Welcome to the Better Life podcast where we talk about real estate investing, building wealth, and all in all living a better life.
0:54.4	My name is Brandon Turner and I have spent my life investing in real estate to achieve financial
0:59.4	freedom. And alongside my co-host, Mr. Cam Cathcart, we want to help you do the same.
1:05.6	On this show, you're going to hear from world-class guests who have been handpicked to help you level up your investing,
1:13.7	your leadership, your goals, your habits, and more to become the very best version of yourself.
1:20.6	So join us as we explore the habits, the actions, the beliefs that it takes to build wealth
1:26.4	through real estate investing without losing your soul.
1:29.0	This is the Better Life podcast with Brandon Turner.
1:48.0	And Cameron Cathcart.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brandon Turner and Cam Cathcart, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brandon Turner and Cam Cathcart and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.