BiggerPockets Real Estate Podcast 560: Double Your Rental Income with Co-Living Cash Flow w/Sam Wegert
17 snips
Jan 20, 2022 
Sam Wegert, a seasoned real estate investor and martial arts studio owner, shares his journey of acquiring a diverse portfolio of over 30 properties. He dives into co-living strategies, highlighting how they can maximize rental income while minimizing landlord headaches. Sam emphasizes the importance of building a community among tenants, effective property management systems, and the creation of tailored leases. He also discusses his early start in entrepreneurship and reveals how martial arts discipline enhances his real estate success.
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First Property
- Sam Wegert bought his first rental property, a 3-bedroom condo, at age 19.
- He lived in one room and rented out the others, unknowingly practicing house hacking.
Inherent Smartness
- Sam Wegert's natural inclination to utilize extra space led him to rent out rooms in his condo.
- This intuitive approach demonstrates a practical mindset towards generating income.
Early Savings
- Influenced by his parents' frugality and Y2K doomsday prepping, Sam Wegert became a saver from a young age.
- He purchased his first property, a foreclosed condo, using his savings and profits from silver investments.
