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Trying to figure out the best way to get your first investment property, get your foot in the door, and start to grow wealth? Guest Johnny Wolff and Chris Larsen discuss the best way to start your real estate journey: House hacking.
Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest-growing coliving companies in the United States. He started his career as a financial analyst in Silicon Valley (EA, SanDisk, Guidespark), he relocated to Austin, Texas to pursue real estate investing full time.
Now, Johnny guides new investors on house hacking and real estate investing. He shares investment and management insights that every novice investor should hear!
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Watch The Episode Here:
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HIGHLIGHTS OF THE EPISODE
00:00 – Episode Overview
00:41 – Multifamily Investor Nation Summit
01:25 – Guest introduction: Johnny Wolff
03:15 – Johnny’s background
05:21 – Always start with House Hacking
06:53 – What makes House Hacking so ideal?
08:43 – Step 1: Do a House Hack
10:58 – Stability despite the pandemic
12:30 – It’s better to live in a ‘community’ than to live alone
14:49 – A tech-based approach to real estate
18:21 – Scaling up through the house hacking model
21:39 – The housing shortage can be leveraged
22:48 – Is there an ideal number of rooms per property?
25:49 – Learn more: https://livehomeroom.com/invest
CONNECTING WITH THE GUEST
Website: www.livehomeroom.com
Email: johnny@livehomeroom.com
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About Chris Larsen
Christopher Larsen is the founder and Managing Partner of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years.
While completing his degree in Biomechanical Engineering and M.B.A. in Finance at Virginia Tech, he bought his first single-family rental at age 21. Chris expanded into development, private-lending, buying distressed debt as well as commercial office, and ultimately syndicating multifamily properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions.
In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.
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Tagged: coliving, househacking, real estate, investment, househack, Group 3
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