Achieving Rapid Financial Freedom Through Co-Living: Grant Shipman’s Investment Journey
- E186
- 42:01
- October 23rd 2024
Welcome to The Cashflow Project! In today’s episode, we’re joined by Grant Shipman, a leader in co-living property management. Grant shares how he achieved financial freedom in 15 months by pioneering co-living strategies, where multiple people co-own single-family homes. He emphasizes community-focused management, leading to long-term tenant relationships and a 97% lifetime occupancy with his company, Living Smith. Tune in for insights on how co-living addresses modern housing challenges and offers a smart, sustainable investment approach.
[00:00] Unexpected journey: vanished wife, living with hippies.
[04:46] Renting by the room: high demand, conflicts.
[08:04] Thriving from adversity through intentional community living.
[11:47] Co-living highlights forgotten social need, household.
[14:07] Co-living reduces damage risk and offers accountability.
[18:53] Month-to-month leases reduce turnover, ensure flexibility.
[19:50] Co-living properties mostly self-manage, distinct from sober living.
[24:39] Co-living is advanced house hacking with management.
[29:24] Managing Airbnb like long-term rental causes stress.
[30:17] New strategies in real estate investing emerge.
[34:28] Jason's coaching transforms mindsets with simplicity.
[38:52] Visit livingsmithpro.com for co-living assistance.
[40:55] Connect locally through Tri City Equity meetups.
Connect with Grant Shipman!
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The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com