Infinite Returns with PadSplit and Co-Living Investments! Everything You Need to Know

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My sister Rahima and I are diving head first into this new world of taking single family homes and converting them into co-living properties to MAXIMIZE our cash flow and actually help the affordable housing situation. We are in love with it and have a couple under our belt at this point and wanted to make this video to help give you an understanding of what goes into doing this model.
You're gonna learn how to find the deal, what to look out for in renovating the deal, financing the deal, refinancing the deal, and much more.
Please be sure to leave Rahima some love in the comments so she'll keep appearing on the channel!
I hope this video is helpful for you all and please let me know what you'd like to see next in regards to the co-living model.
00:01 Introduction
01:30 Finding the Deal
04:20 Funding the Deal
05:25 How to Pitch to Investors
07:00 Renovation Tips
15:30 House Rules
19:30 Refinancing
#realestateinvesting #wholesalerealestate #jamildamji
As always, I appreciate each one of you guys for joining me on this RU-vid journey. The goal is to hit 100k subscribers! You can help me out by liking the video and sharing it with a friend if you found it helpful.
------------------------------
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Опубликовано:

14 июн 2024

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Комментарии : 72

@rebeccarileyst.thomas9793 5 дней назад

Absolutely BRILLIANT!! Please keep doing more videos and THANK YOU SO MUCH for SHARING this with all of us in the RE investor community!! Your meet up tonight at your BEAUTIFUL home was INCREDIBLE!! THANK YOU for providing such a WONDERFUL solution to affordable housing. Everyone deserves a beautiful place to call home 🏡🙏🏡

@jamildamji 5 дней назад

More to come! Thank you! 🙏🏾

@TheMoneybodega 13 дней назад

You and your sister crushed it!!! all those lil nuggets were invaluable, things I would never have thought about y’all answered. A master class ❤

@jamildamji 13 дней назад

Thank you so much! 🙏🏾

@setosbagofgoodies995 12 дней назад

I would love to see more padsplit deals, or even sober living or assisted living. I find them fascinating.Keep up the great work guys!! ♥

@jamildamji 11 дней назад

More to come! 🙏🏾

@annbrenttx8434 12 дней назад

I love seeing the two of you together and can't wait for more videos!

@jamildamji 11 дней назад

Be sure to like and subscribe to receive notifications, Ann! 🙏🏾

@bobobrien1310 13 дней назад

I would love more training on this. I am SubTo and Astroblaster and was a SquadUp. Lets go!

@jamildamji 13 дней назад

Stay subscribed to my channel for more info!

@nadinecantorna 3 дня назад

So informative! Thanks, Jamil & Rahima. This is very helpful. ❤

@jamildamji 3 дня назад

You're so welcome! Stay tuned, we have more to come. 🙏🏾

@gregthenn2791 13 дней назад

This was a great video- more pls! Financing and rehab info. Thx

@jamildamji 13 дней назад

You got it! Like and subscribe so you don't miss out.

@Swampfox42 9 дней назад

Thank you guys for sharing so much. BTW tell Rahima it’s Orangburg pipe, not birdstop! 😜

@jamildamji 9 дней назад

Thanks for watching!

@aledmondson4442 13 дней назад

This was awesome info! Yes please make more...Dear Jamil, please leave my Rahima alone! She's the shidizzle! If she doesn't want a channel here, I support her fully.. She comes with the thump! I Appreciate her input very much!

@jamildamji 13 дней назад

Thank you for the awesome feedback! I'll definitely make more videos. I'll just keep Rahima coming back on my YT! 🥰

@Jahde.R.E.I 12 дней назад

Thanks for all the info, you two are amazing!

@jamildamji 11 дней назад

Our pleasure, thank you!. 🙏🏾

@jamescrenshaw5097 12 дней назад

Definitely want to know more about this topic!

@jamildamji 11 дней назад

Like and subscribe to receive notifications! There's more to come.

@SimuelTurner 11 дней назад

You guys were Great!!!Very informative!!! Pls make more content...I'm interested in the padsplit prgm. You guys should have a channel together....Go Rahima!!! 🔥🔥🔥

@jamildamji 10 дней назад

Thank you! We're glad you found it informative! Stay tuned for more content! 🙏🏾

@carlosbarron1284 6 дней назад

What about sound proof upgrades?

@jamildamji 6 дней назад

Hey Carlos, soundproofing a property can significantly enhance the living experience for tenants by reducing noise and creating a more comfortable environment.

@fittedoasis 3 дня назад

Super informative content. Is there a way to schedule a call with your sister, to pick her brain more on PadSplit house configurations and logistics. Loved what she had to say and was very informative.

@jamildamji 2 дня назад

We'll be hosting a webinar soon. Send me your email address via Instagram DM to receive notifications.

@cvaughnthird 12 дней назад

More please! Great video!

@jamildamji 11 дней назад

More to come!

@yt12394 7 дней назад

more yes! love it

@jamildamji 7 дней назад

Subscribe and enable notifications for the next video drop! If you're in the PHX area join us for our Co-Living MeetUp.

@Dare2Survive 13 дней назад

Genius! Great stuff brother.

@jamildamji 13 дней назад

Appreciate it, thank you so much. 😊

@UMich99 12 дней назад

More more more!!! Run don’t walk!!

@jamildamji 11 дней назад

Thank you for the enthusiasm! We're thrilled to bring you more content. Stay tuned and keep that energy up-exciting things are on the way!

@CowboyOneal-fu5uo 12 дней назад

You are a 🤓 genius you have your hands in everything real estate could you do a more in depth episode in the near future

@jamildamji 11 дней назад

Absolutely! More videos are in the works, and I appreciate your feedback. I'll definitely plan a more in-depth episode on real estate soon. If there are specific areas or topics you'd like me to cover, feel free to share your suggestions!

@luissarti4227 11 дней назад

You both kick ass! Thank you for the very valuable information. Question…can you do this anywhere. In CA or do feel it’s cost prohibitive here. The remodels are permitted and legal right? Thanks again! Coolest bro/sis ever! Start your channel!!! Your a wealth of knowledge.

@jamildamji 11 дней назад

Thank you! We're thrilled you found the information valuable. Yes, you can do co-living anywhere, including CA. While the costs might be higher, it's definitely feasible with the right approach. And yes, the remodels are permitted and legal. Be sure to like and subscribe to receive notifications for all videos!

@user-nj8uk1dh8v 13 дней назад

You need to make more videos, very informative, Thank you!

@jamildamji 13 дней назад

Thank you so much! I appreciate your support and feedback. Make sure to like and subscribe-more content is on the way!

@REIwAlexY 13 дней назад

can you talk a bit more or give an actual specific example of the private money partner terms? For example, is there downpayment for you loan and rehab secured by equity in the property? and then a % of rental cash flow every month with a buy out clause for when you want to buy them out of their cashflow position?

@jamildamji 13 дней назад

More to come Alex!

@SydnyNicole420 13 дней назад

Because we love jamil and his sister

@jamildamji 13 дней назад

🥰🙏🏾

@mybeloved1 12 дней назад

How much do the tenants pay per room? What're the size of the bedrooms?

@jamildamji 11 дней назад

In co-living setups, tenants typically pay per room, with rates varying based on location and amenities. Bedroom sizes can range from around 100 to over 300 square feet, depending on the property's design.

@brianwyant6781 7 дней назад

Jamil thank you for tgis and id live your feedback. We have a co living borrower looking at this deal. Mtg Bal Subto is $368k Entry $83k Total $451k ARV is $419k Projected COC 15%, $12,486 annually. Based on $83k invested as a PMP Borrower is over 100% All in to Value including Mtg Bal. To me, this seems like a No Deal what do you think Jamil.

@jamildamji 6 дней назад

After reviewing the numbers and considering the borrower's over 100% all-in to value, including the mortgage balance, it does seem like a risky deal. My gut feeling leans towards it being a no-deal unless we can make significant adjustments or mitigate the risks somehow.

@brianwyant6781 6 дней назад

Thank you Jamil, they are pitching it as a PMP for $83k, 50% of equity and 50% of net income projected at $1,200 mo. If you have time please tell me if I'm evaluating this correctly. At $83k invested /$1,200 mo it takes 70 mos to break even assuming no rent increases. 6 years in I estimated appreciation at +$220k over the same period x 50% equity position = $110k if we exit and sell to get equity out. So 7 years I break even on monthly net vs investment and roi $110k on an $83k investment. This would suck, right? Or am I missing something here?

@gregthenn2791 13 дней назад

….. & Padsplit !

@jamildamji 13 дней назад

Yes, check it out, Greg!

@lorizeller8358 11 дней назад

I watched as many of your videos as I possibly have time to watch I also sign up for your and Paces special 2 day events and attend when I can. I have never done a deal. What I want to k ow is if I go to do a deal and I have a question can I get ahold of you to ask you a question? I am very intrigued and I live in Salem Oregon and it is really growing right now I have found commercial, residential and empty property for sale, iv just been afraid I don't k ow enough yet.

@jamildamji 11 дней назад

Hi Lori, thank you so much for your support and dedication! I'm glad you're finding value in our videos and events. Don't worry about not having done a deal yet-everyone starts somewhere. Yes, you can reach out through IG if you have questions when you're ready to do a deal. Salem is indeed a growing market, and it's great that you're identifying opportunities. Don't let fear hold you back; with the right guidance and due diligence, you can confidently take the next steps.

@brucewolf4info 13 дней назад

Do you have ways for Pml for "out of Pocket" down payments to allow no money out of your own pocket to finance the purchase through the day of opening the property?

@jamildamji 13 дней назад

Gap Funding: Secure a private lender to cover the down payment. Joint Ventures: Partner with someone who provides the down payment in exchange for profit sharing. Seller Financing: Negotiate with the seller to finance part of the purchase. Equity Sharing: Offer an equity stake to a private lender in exchange for their investment. Transactional Funding: Use short-term loans for double closings. - www.flipcashtoday.com/ These methods can help you finance property purchases without using your own money.

@briankirkland7076 13 дней назад

Is Pad Split doing business in Cleveland and/or Philly yet?

@jamildamji 13 дней назад

Yes, PadSplit is operating in both Cleveland and Philadelphia.

@user-gm1ye3uu4n 11 дней назад

So padsplit doesn't handle property management? Is that the owner's responsibility? I still need clarification on the numbers. If I lend on one of these, does the borrower pay me back with the profit first before they start taking their cut and then do I continue to get 50% of the cash flow after I receive my principle and interest?

@jamildamji 10 дней назад

PadSplit handles some property management, but the owner remains responsible. Typically, the borrower pays you back with profit first before taking their cut. After you receive your principal and interest, you'd get 50% of the cash flow. Review the agreement for specifics.

@matthew8661 13 дней назад

the Pipe she is Talking about is Called Orangeburg which is paper asbestos and then soaked in Coal tar pitch why they thought it was a good idea idk

@jamildamji 13 дней назад

That's it! It's a reminder of how important it is to stay informed about construction materials and their long-term implications.

@malachimuhammad178 12 дней назад

🚀🚀🚀🚀🚀

@jamildamji 11 дней назад

Thanks for watching!

@theicemanfrost 9 дней назад

Just said can't BRRR anything yet isnt that what you did in this video??? I'm curious if you really can cashflow on a refinanced loan with today's terms. Seems like margins would be very thin. 2k IF its all rented, maybe. Also, I could see it being very difficult to get that home to appraise for 500k even after you put 125k into it. Basically doubling its value. What happens when it appraises only for 450k? Are they a headache to manage?

@jamildamji 9 дней назад

You can cashflow on a refinanced loan, but margins are thin. Key factors include keeping purchase and renovation costs low, ensuring rent covers expenses, securing favorable interest rates, and efficient property management. If the home appraises for $450k instead of $500k, you might not recover all renovation costs. Consider gap funding, re-evaluating the appraisal, and having a contingency plan for lower values. Managing BRRRR properties can be challenging due to renovation oversight, tenant management, and initial maintenance issues. BRRRR can be profitable but requires careful planning and realistic expectations to handle potential hurdles.

@CowboyOneal-fu5uo 12 дней назад

OPM other people 🤑

@jamildamji 11 дней назад

That's right!

@CowboyOneal-fu5uo 12 дней назад

Buy and hold leftovers 😳 🤓

@jamildamji 11 дней назад

🙏🏾