Welcome to a new episode of Get Creative! In this episode, host Justin Tuminowski sits down with Heather Irving and Jose Sanguino, two industry leaders in the world of creative finance and co-living. They dive deep into their partnership, sharing insights on how they found and transformed a property into a thriving co-living space, overcoming obstacles, and leveraging their community connections to achieve success.

Highlights:

"I'm what you call a co-living operator, and I absolutely love it."

"The cash flow that you can experience from co-living, it's unbelievable, compared to long-term rent."

"We reached our break-even point, and with these two people moving in now, we start bringing in property."

"Start dating business-wise with people inside the community. Try a few JV deals, and I promise you, you'll find your match."

Timestamps:

00:00 - Introduction to the Get Creative Podcast

02:48 - Heather Irving's Background and Introduction

03:45 - Jose Sanguino's Background and Introduction

04:32 - Formation of the Partnership

09:22 - Heather and Jose's First Deal Together

12:06 - Construction and Renovation of the Property

15:34 - Marketing and Management of the Co-Living Space

19:49 - Current Status and Future Plans

23:53 - Reaching Break-Even and Cash Flow Potential

31:50 - Conclusion

► Join The Subto Community & Learn Creative Finance Directly from Pace:

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

PLUG IN & SUBSCRIBE

Instagram: https://www.instagram.com/pacemorby/

TikTok: https://www.tiktok.com/@pacemorby

Transforming a 4-Bed into a 7-Bed Co-Living Powerhouse

Get Creative with Pace Morby