I Looked Into The "Co-Living Business" And Found This Instead...

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0:00 Introduction
0:22 Co-living space critique
1:55 No huge outlay
5:51 Meraprime co-living
8:23 Whole unit rent
11:42 Conclusion
#coliving #property #propertyinvestment #theedgesingapore
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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[@joshconsultancy]

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[@terrymusenliu5343]

11:50 Totally agree with point number 1. I tried renting to different tenants; definitely not passive income. Hard to find replacement when someone within leaves. When you don’t have USP /VAS or critical mass like lyf or colliwoo. That’s point number 2.

[@TheLaurentDupuis]

Why stop there? You can put 3 to 6 tenants per room for maximum profit. Also disable the aircon to save on electricity. You may be able to squeeze one more on the balcony.

[@joshconsultancy]

LOL! Got limit guidelines by URA I think...

[@KelvinTan808]

I also thought but who confirm?

[@the50dollarsman]

one unit max is 6 unrelated tenants. If you think can convert it into a dormitory then prepare to get fined or jailed or both.

[@SethCrescent]

I can never understand why I would choose property over equities paying 4-5% dividends like DBS or other good quality reits. The amount of effort needed to earn from property is disproportionate compared to researching and owning good quality companies imo. I would want to think that I'm missing some pictures here and would love to get some criticisms to my thinking. Thanks.

[@gomugomu4489]

Big IF property appreciates at 3% a year (inflation), 4% yield and at 2.6% interest rate, I think due to leverage, 10-20% return cash on cash is quite possible after 5-10years. Of course must minus the cost and duties and those cash rich people that loans less cash flow better. Can be more if you can find better appreciating property. Over 30 years, it can quite add up.

[@donlee474]

The answer is leverage. Property is the only investment class that u can borrow money for investment at a very low interest rate. And becos of that, property investment shd always be about capital appreciation, and not passive income (good quality reits fare much better in that becos it gives similar yield and is truly passive).

[@gomugomu4489]

@@donlee474 yeah. The borrowing cost last time was about 2x lower than bond rates. Even if we could pay down more, it just makes more sense to put it SSB or elsewhere.

[@SethCrescent]

​@gomugomu4489 @donlee474 Thank you both for the insights. I guess we really need to be knowledgeable on whether the property will appreciate or not. Otherwise 10 years worth of time and capital may be gone just like that.

[@damyeuful]

Can you do a video on this GoldenGoose Property seminar which seems to "goose" to be true where you rent cheap properties to lease out to social housing and in parts of Britain which are 2nd and maybe 3rd tier cities. Apparently the tenant will be the UK government paying for these people who can't afford the rent

[@joshconsultancy]

If youve seminar notes and information that it is factually incorrect, do send to [e-mail] Meanwhile if unsure, avoid and invest safely k

[@chinchowpowpook]

Room rental is confirmed to stay and increasing since Pty n whole unit rental increase by almost double. Expats used to rent a studio at 3k now become 4.5k,, they rather rent a room at 2k since they just 1 pax and kitchen toilet clean by operator..save time save money.

[@joshconsultancy]

Noted on POV What if whole unit rent rates start trending down?

[@KelvinTan808]

Is your video based on your what if scenario or do you actually got friends who operate a coliving biz?

[@joshconsultancy]

I dont have friends who are operating in. The presentation was done from my best research which I'd have to acknowledge could have errors

[@samwang1115]

hi josh, these sell courses s'pore entreprenuer, put into youtube advert sound so nice. thank you for debunking them.

[@joshconsultancy]

Share to someone who should hear too

[@ionlywearlacoste]

Most of the co living operators i know of are doing well cause they got unit at cheap prices during covid at these prices getting news apartments very hard to make

[@joshconsultancy]

Im suspecting so too

[@KelvinTan808]

The current asking rent for meraprime is 7k . I notice those who listed their units at 7k have been forced to lower their rent expectation. With the unpredictable economic situation asking rent will continue to drop

[@joshconsultancy]

Oh? what did it close around?

[@KelvinTan808]

5700

[@GeorgeChenFengrong]

How to contact josh tan? i have some specific question about Will. i don't have Linkedin premium, this one need to pay premium.. any email i can ask question to?

[@joshconsultancy]

Hi George, [e-mail]

[@Ben-gp5ty]

can you do one on investing in industrial properties -- alot of courses now on this also by so call gurus

[@joshconsultancy]

You may like this - Investing Into Commercial Property BETTER Than Buying REIT??? kzbin.info/www/bejne/lWLMh6d-qd6DmqM

[@Ben-gp5ty]

Thanks Josh, saw yr video after i commented. Great job

[@est4574]

​@@joshconsultancyhi, have you heard marko n friend?

[@superconnie5003]

Have to pay gov tax on the rental income?

[@joshconsultancy]

For this its usually master leased under a company. So corporate tax applies

[@Nic9393]

I'm sorry for this bad question. What stops the landlord(owner of said property) that you are renting from says when you need to renew your lease, sorry the rental you are receiving I want to do it myself? I don't really understand what you are doing here, the landlord can just say I want this property back and takes over the tenants?

[@eawtan]

I don't think the landlord can take over the tenants (I may be wrong here). Once the landlord wants to evict, then all the tenants will need to leave, the landlord won't have the contact information of the tenants.

[@joshconsultancy]

There’s a rental Agreement. Owner by contract cannot take back property until lease is over. Similarly we as tenants cannot return the property before lease is up

[@Nic9393]

@@joshconsultancy thanks for the clarification. I sorry that I still don't really understand why the landlord needs to rent to someone who in turns rents to someone. Like why have a middle man is beyond me? Risk management for the landlord? Like the guy, the landlord is renting to needs to pay rent regardless of weather he finds tenants himself. I don't mind this arrangement but thinking critically we must all ask ourselves if it was a make money so easy scheme why isn't the landlord subletting. Which probably means this is extremely Risky. Imagine you can rent out to three tenants and you only find one, or 2 refuse to pay etc. You are in hot water as the landlord will still as for his money which means this is a negative investment.

[@joshconsultancy]

@@Nic9393 yes indeed if it is MORE lucrative to break up to subrent, the landlord will explore it. However there is much more work in managing multiple room tenants. Hence, landlord may be happy w 1 master tenant on long term lease. Room tenancy breakoff is 1mth typically. Turnover can be high is some seasons.

[@Nic9393]

@@joshconsultancy risk protection for landlord+ free management company. If I was landlord of that unit I would take that deal immediately less headache. Only thing I wonder if tenants do stupid things like vice in the apartment who will tekan.

[@marinekong235]

$300k used for stock trading gets me $25k a year. $300k used to buy a 3 room HDB brings me $3k rental. there are simple good ways to earn passive money

[@hhspore]

there are many property "gurus" who have ZERO CONSCIENCE in collecting thousands of dollars "teaching" gullible people to buy multiple properties N EXPOSING THEM TO UNNRCESSARY RISKS. More often than not, these gurus themselves have weak experience/educational qualification on investments. eg One was an ex stewardess who now helms a property advisory company "Q". Really incredible !

[@joshconsultancy]

Thank you for leaving the actual names out just in case as we dont want to deframe anyone. Ads tend to exaggerate the benefits and yes also hide away risks

[@dhruvudeshi3265]

I think there is a basic misunderstanding of what coliving is and why people are willing to pay a premium to be part of a co-living.

[@joshconsultancy]

can explain further?

[@dhruvudeshi3265]

Coliving as the name suggests is about living together. The core ingredients of it are community and sustainability. Those who believe that coliving is about dividing a space into multiple living spaces are in the wrong business as they would market it as such and focus on the space rather than community building and sustainability

[@est4574]

U attend marko n friend seminar b4?

[@joshconsultancy]

Hadn't. Hence i pulled up an article of someone who may have. You've been to it?

[@marinekong235]

whenever a 'Guru" has a wonderful money making strategy to share with you for a fee - the strategy is the Guru conning you to pay for his fees, that is the guru money making strategy. hahaha

[@jasonlim4512]

😂 subletting say until coliving. those "gurus" alwys show misleading ads.

[@the50dollarsman]

Co-living? You better check the regulations first, see if you are breaking laws. You can't just rent one whole unit and then do reno and the sublet it out to different tenants WITHOUT the landlord's approval.

[@joshconsultancy]

They will get an agreement from landlord and I believe worded into rental agreement

[@the50dollarsman]

@@joshconsultancy still subjected to landlord's approval

[@est4574]

Need to get the land lord for agreement n sign the black n white letter.

[@est4574]

For commercial property different

[@tedchandran]

Jai Hinduja. Can subdivide 3 bedrooms apartment into 5 or 6 bedrooms for rental.

[@DonYang73]

Good luck to those doing it now thinking they have an edge. Early birds will profit of course. All these “gurus” are just positioning themselves for an exit leaving those who come in late high and dry. So much work for so little real gains. Talk soldier on paper as usual.

[@konggg]

Another sour grapes video. 😊 A lot of assumptions here which are largely untrue.

[@joshconsultancy]

Be constructive. Which assumptions are untrue, substantiate

[@konggg]

@@joshconsultancyOne thing for sure, it’s is not passive income and operators need to be hands on and involved. Operators are not individuals but work with a team to ensure a efficient and smooth operation. There are more features to point but I will leave it here. By the way your post is sponsored and at the same time you seem to portray a rather negative view of “DIY” operators. If the post would only include your own views without the sponsor, it would have came across as well balanced.

[@joshconsultancy]

​@@konggg sponsor had no input on the views made. "Operators are not individuals but work with a team to ensure a efficient and smooth operation". - this is a description of what is ideal. No numbers, no actual real scenario described. Let's get audiences to judge if this is indeed substantiation OR the one I put out that has data examining actual rent numbers in meraprime case study

[@Syedsai]

Rent is killing margins and plenty of headwinds. unless its on own prop, i rather bet on A.i instead. Right Josh? 😂

[@joshconsultancy]

Ah not AI again LOL!

[@chinchowpowpook]

Opposite, whole unit May up by 1 -2k , but the multiple rooms increase too, May be more than 2k!!!

[@MaxGarmin]

Thanks Josh in debunking these “scam” schemes. Unfortunately, many will still fall into the trap 🪤.

[@joshconsultancy]

Not necessarily scam schemes but there are risk to highlight in the model 👌