Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

276
Posts
1,201
Votes
Grant Shipman
  • Rental Property Investor
  • Estes Park, CO
1,201
Votes |
276
Posts

Beyond-Househacking: 5X'd My Cash Flow, Making Investors Swoon!

Grant Shipman
  • Rental Property Investor
  • Estes Park, CO
Posted

I've been asked by many of you how I'm still able to invest where I invest, with no money, get the 5X cash flow I get, and have a wait-list of investors.

I've never written about this publically until now.  Below is the blog-post.  I hope it is clear- we've been using it for years.  Please let me know if you have questions or thoughts you'd like to share. 

https://www.biggerpockets.com/member-blogs/12319/86526-beyond-househacking-5x-your-cashflow-and-expedite-your-rental-strateg

  • Grant Shipman
  • Most Popular Reply

    User Stats

    276
    Posts
    1,201
    Votes
    Grant Shipman
    • Rental Property Investor
    • Estes Park, CO
    1,201
    Votes |
    276
    Posts
    Grant Shipman
    • Rental Property Investor
    • Estes Park, CO
    Replied

    @Michele Z. & @Davido Davido Great to catch-up on your thread- and my hearty apologies for going dark :) I've been putting in hundred plus hour weeks for the last few months to produce a quality product to help investors do what I am doing, reinventing the household. Creating a quality product that actually gets people success has been a challenge- up until now I taught other investors personally.

    My posts may come off cryptic b/c what I do can be replicated and be amazing for renters and investors, but not if it is understood incorrectly to mean rent-by-the room (or other common threads). Rent by the room has been tried for quite a long time by private investors, and any increase in profits is usually lost in the wash due to high turn-over, property damage, and tenant conflict. What I've done since 2000 is create high-quality households that renters want to be a part of. They may join for the lower price, flexible leases, and quality housing, but our residents stay for an average of 5+ years b/c they can't find what we offer any other place.

    I very much support, love, and am a student of all types of cohousing: boarders, college housing, senior housing, rent-by-the room long term or short term, etc. To my knowledge none of these reliably produce 5X the returns of a standard successful rental house nor offer society (and renters) a re-invented household that people want to be a part of for years and years. This is what offer investors like us and renters like I use to be.

    Did I cryptic the **** out of that? hahaha I hope not :)

    I hope y'all are having a truly wonderful start to your new year!

  • Grant Shipman
  • Loading replies...