EP74: Are Rooming Houses and Co-Living developments Still Big Money Makers? with Ian Ugarte

Everything Property

Welcome back to the Australian Property Investing Podcast Everything Property with your host David Hamilton. On today's episode, Ian Ugarte join's us on the podcast to talk all things Rooming/Boarding houses and co-living - are these developments as high cashflow as everyone makes them out to be?
During this chat, we cover:
- Ian's original portfolio, the mistakes he made early on in his investing career and how he turned a circa $30k negatively geared portfolio on it's head to be cashflow positive.
- The perils of investing in mining towns
- Co-living, micro apartments, boarding and rooming houses, what's the difference?
- The conversion process, how long does it take and how much does it cost
- How people may identify markets where these sort of developments work?
- Cost breakdown (Acquisition, build/renovations etc)
- Legal requirements and how they vary state to state
- Leasing and management: How does this all work?
- What are the lending ramifications for these types of developments
- Real life case studies
- Re-conversion: Can you change a property back?
- Plus much, much more!
If you want to learn a bit more about the work Ian and his team does, head over to: https://ianugarte.com.au/
Don't forget to check out the summary post on our Instagram we just posted which covers what we discuss in this chat.
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Disclaimer: The topics, conversation, opinions and discussion provided in this episode are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.