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Rental Property Owner & Real Estate Investor Podcast

Exciting, informative. Every Monday, your host Brian Hamrick interviews real world real estate investors and industry professionals to discuss topics, tips, and techniques designed to make you a more confident and successful rental property owner and real estate investor. Guests include buy and hold investors, flippers, wholesalers, property managers, brokers, legal advisors, insurance providers, mortgage brokers—you name it, we’re talking to some of the top names in the business.
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Now displaying: Page 1
Sep 28, 2020

You may remember a podcast conversation I had with UK investor Susannah Cole several months ago where she shared the HMO concept – Homes of Multiple Occupancy.  This is somewhat unique in the United States, but very prevalent in the UK, and it basically is a co-living situation where professionals rent out rooms in a shared house.  I wasn’t really aware of this concept in the U.S. outside student housing, group homes and boarding houses, but apparently my guest today has been quite successful at it.

Shortly after Susannah’s episode aired I was contacted by Ron Thomas, an investor out of Albuquerque, New Mexico who has not only developed this model for his real estate business, but claims it works better than any other real estate strategy he’s tried.

Ron has been developing and perfecting his sytems for Shared Residence since 2009, and teaches his model to other local real estate investors.  Today he’s going to explain how it works and how he’s averaging $1,000 net per property.  We’ll also discuss the type of home that works best for this strategy, how Ron markets to his residents, and some creative financing strategies that can keep the acquisition cost reasonable.

Ron has a lot of great wisdom to share in this episode that every level of investor will benefit from. You can find out more about Ron and his training by going to https://courses.shared-residence.com

 

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