Growing up, there was never a clear answer to the question, "What do you want to be when you grow up?" For some, it's a clear path, but for our guest, Sam, his path took many detours. Homeschooled for most of his life, Sam never imagined that he would go from owning a chain of martial arts schools to becoming a full-time real estate investor. This episode follows Sam's unique journey as he navigates the unconventional paths life has thrown his way.
Unpacked in this conversation is the fascinating concept of co-living, an innovative real estate strategy that not only promises a solid return on investment but also fosters community living. We dissect every aspect of this model, from the appeal, the construction needs, rental prices, all the way to the legalities involved. Sam's hands-on experience of transforming a home into a thriving co-living space makes for a fascinating case study, giving you real-world insights into this concept.
Finally, we delve into some thought-provoking discussions - the pros and cons of homeschooling, the power of cost segregation in real estate investments, and the key to mastering anything you set your mind to. We also explore the concept of success, and how it's a unique journey for each one of us. Join us for an insightful conversation with Sam as we explore these intriguing themes. Don't miss out!
What we discuss:
(0:00:03) - From Owner to Real Estate Investor
(0:06:27) - Exploring the Concept of Co-Living
(0:12:59) - Homeschooling and Real Estate Investing
(0:17:20) - The Concept of Co-Living Rentals
(0:26:15) - Legal Workarounds for Co-Living Homes
(0:30:38) - Real Estate Tax Strategies and Depreciation
(0:42:46) - 'Less Is More
(0:49:39) - Co-Living Real Estate and Achieving Success
To learn more about Sam:
Website: https://samwegert.com/
Instagram: https://www.instagram.com/samwegert/