In today’s episode, our co-host Rob Coldwell takes a deep dive into the numerous financial, social and economical benefits of the co-Living model with entrepreneur and investor Sam Wegert. From advice on structuring your property as a co-living space to the mental and social benefits to your tenants, Sam covers it all including how co-living will help solve the affordable housing crisis in the United States.
About Sam: Sam Wegert was homeschooled K-12 with his seven siblings. At 15 years old, with a loan of $15,000 from his parents, he purchased his first martial arts school and graduated high school that same year. Over the next 15 years he expanded to 6 brick and mortar locations and through COVID built a successful online program. His company, UpLevel Martial Arts now has over 1,500 students and has trained more than 20,000 students in martial arts in 25 states and 3 provinces in Canada.
Throughout his martial arts career, Sam joined GoBundance as the youngest member at the time in 2014 and began to invest in real estate through short term rentals and co-living properties. He partnered with his wife and now together they own 8 short term rentals, and 115 co-living beds.
Sam is now passive in both his real estate investments and his martial arts business and lives in Charlotte, NC with his wife Rachel who is a huge supporter and his business partner.
Connect with Sam:
https://www.facebook.com/SamWegertUpLevel
https://www.instagram.com/samwegert/?hl=en
www.samwegert.com
Book References:
Living What Is by Byron Katie
Timestamps
0:00 - Introductions
4:01 - Learning about co-living
7:35 - Outdated laws
13:13 - Adding rooms to a home
21:40 - Psychological benefits of a co-living community
24:17 - What transpired since being on Bigger Pockets Podcast?
26:30 - What does personal development look like for you?
Key Takeaways:
How Co-Living can increase your cash flow
What are the legalities of Co-Living
Memberships vs. leases as part of the co-living structure
Co-Living can help solve the affordable housing crisis
Financial Benefits of Co-Living for the Tenant and Landlord
Sam’s goals of educating people to build, teach and manage their own investments
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