The Truth About Co-Living: Myths vs. Reality | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 17 January 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline (Subto Edition), Pace and Jared answer your questions on all things co-living. They break down the business model, addressing misconceptions about legality, tenant behavior, and profitability.
Show notes — in this episode we'll cover:
- Pace and jared clarify co-living's legality, which operates under membership agreements, not traditional tenant arrangements, and is supported by municipalities due to housing demand.
- Myths about fights, cleanliness, parking, and HVAC issues are debunked. Proper screening, maintenance, and professional cleaning ensure smooth operations and improved property aesthetics.
- Co-living offers affordable housing with strong cash flow. Critics often misunderstand the model, but at the end of the day, real estate investors are providing market needs, providing valuable housing solutions.
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎
Transcript
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| 0:00.0 | Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about |
| 0:04.0 | wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing |
| 0:08.2 | way for you to get started in real estate, but you can also build cash flow and build a portfolio |
| 0:13.5 | in the process. Today's episode, you will walk away with tremendous notes. But I want you to remember |
| 0:19.2 | we do a live episode every Monday night |
| 0:22.5 | over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet |
| 0:28.4 | other audience members and do deals in the live chat. Remember to subscribe, give us a little bit |
| 0:34.5 | of love, and make some comments in the show notes down below so we know what |
| 0:37.6 | to talk about in the future enjoy today's episode about a month ago we purchased property |
| 0:47.3 | with jack selby from the ice coffee hour this property is gonna make so much money but you |
| 0:53.0 | know what else it did it It created so many comments. |
| 0:56.4 | Some of them good, some of them not so good. |
| 0:58.6 | So today we're gonna be answering the questions and the comments and addressing the people's |
| 1:03.0 | concerns about the co-living model. |
| 1:04.9 | Today I've got Jared with me. |
| 1:06.7 | All right. |
| 1:07.7 | And what's cool about Jared is Jared has all of his living expenses covered by his three co-living properties. He's newer to the co-living space, but all of his monthly expenses are covered by his co-living property. So probably somebody you should think about listening to. He's got a lot of experience in the last year. Your average property is cash flowing. How much? |
| 1:27.9 | About 1500 net. |
| 1:29.1 | 1,500 net. |
| 1:30.4 | Now, when we say 1500 net, that means 1,500 in his pocket after management expenses, et cetera. |
| 1:36.0 | So let's go through the first of the 10 myths that everybody has with co-living. |
| 1:41.7 | So number one, this is illegal, Jared. Okay, check this |
... |
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