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In this engaging conversation, Sam Wegert shares his unique journey from a shy, homeschooled child to a successful entrepreneur in the martial arts and real estate industries. He discusses the importance of mentorship, the drive to succeed, and the strategies he employed to scale his martial arts school and transition into real estate. Sam emphasizes the significance of enthusiasm, hunger, and innovative thinking in achieving success, while also detailing his current coaching program in co-living real estate. In this conversation, Sam Wegert discusses the co-living model, which involves converting single-family homes into multiple rental rooms to maximize revenue. He addresses the financial aspects, including average property costs and potential cash on cash returns. The discussion also delves into the challenges posed by outdated zoning regulations and how they can be navigated legally. Sam shares insights on the future of co-living, highlighting recent regulatory changes that support this housing model and its potential to address affordable housing shortages.
Ultimate Show Notes:
00:40 Meet Sam Wegert: The Journey Begins
02:14 Sam's Early Life and Martial Arts
03:03 The First Business Venture at 16
04:25 Scaling the Martial Arts School
10:18 Expanding to New Locations
12:20 The Lean Startup Approach
14:37 Success and Transition to Real Estate
16:26 Understanding the Membership Program
16:41 Exploring Real Estate Opportunities
18:39 Co-Living Strategy Explained
19:56 Zoning Regulations and Challenges
28:02 Investment Returns and Case Studies
29:50 Regulatory Changes and Future Prospects
32:05 Connecting with the Community
Connect with Sam on LinkedIn:
https://www.linkedin.com/in/sam-wegert-a547ab54/
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We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.