Episode 80: Johnny Wolff

In today's episode of Passion for Real Estate Investments, CEO of HomeRoom, Johnny Wolff, talks about co-living real estate. Johnny's career started in Finance in Silicon Valley. In 2015, he became a full-time real estate investor, renting by-the-room. In 2018, he sought to solve the problem of finding a co-living arrangement and founded HomeRoom. HomeRoom is one of the fastest growing co-living companies in the US. Johnny holds a BSc in Business Administration and Finance from the California Polytechnic State University. How do they decide which candidates are best-suited for co-living? What challenges does he face? Johnny tells us about lease terms, dealing with roommate issues, and the ideal target demographics. We get to hear about the investment process, returns, and the HomeRoom concept. If you want to learn more about co-living real estate investing, or you want to add co-living to your portfolio, this episode is for you.   Highlights from the interview * "If you can use leverage and target good markets, you can make a lot more money in real estate than any other way." * "26% of young adults are living with roommates, which is the highest ever, and it keeps trending up – it's been going up for the last four decades." * "52% of young adults are living with their parents today." * "The return on investment is in the high 20%. Your cash-on-cash, depending on the city, is 7-9%." * "You don't even need to be experienced – we'll coach you on real estate investing."