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

[@thowedmexx]

I just recently joint the Subto community, I’ve been doing hvac for 12 years. And I have to say, here in Houston my price as a contractor for a 1/2 ton mini split which is the smallest mini split is $900-1,100. There is those Mexican mini split that are cheaper but once they break there’s no replacements parts

[@TheRealEstateDeli]

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]

Thank you so much! 🙏🏾

[@setosbagofgoodies995]

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]

More to come! 🙏🏾

[@patriciaarbuthnot9618]

Yes, co-living is definitely the way to go!

[@rebeccarileyst.thomas9793]

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]

More to come! Thank you! 🙏🏾

[@Invest-collaborate]

24:48 Another pure gold video..... I'm reading that lady is your sis.... very cool.... wish my sisters were down.... I'd love to see the reno floor plan if how your turning a home under 2000 sqft into a 7/7. what's the avg reno timeframe for these houses and total time to have home fully occupied?

[@jamildamji]

Hey! 🙌 Thank you for the kind words, I’m so glad you enjoyed the video! 😊 Yes, that lady is my sister, and I’m super grateful to have her involved. 🙏 Keep on eye out for the update.

[@oldskoolfunk71]

4:24 Thank you Both for this powerful info I appreciate you both for your help

[@jamildamji]

Our pleasure. Keep an eye out for more content. 🙏🏾

[@nani-702k.6]

Getting ready to launch our first PadSplit in Las Vegas. This was so helpful and so inspiring. We would LOVE to see more videos on co-living. ❤🎉

[@jamildamji]

Let’s GO! Keep us updated-there’s more to come!

[@villanation]

How did the launch go?

[@rashidkhalil4631]

Simply master class on co-living, unbelievably informative thank you so much

[@jamildamji]

Glad you enjoyed it! More to come!

[@Michael-ow7tz]

City Zoning and Code guidelines MUST be followed. We have a few of these in our neighborhood and they were done by frauding the system. Never had building inspections done nor do they pull legit permits. If it sounds too good, beware.

[@edwardg6206]

If a lender typically wants a 4-5 bedroom house, does that mean the conversions should NOT be done with permits??? bc if with permits, it will show up in public data…

[@jamildamji]

Conversions should be done with permits. While it will show up in public data, it ensures legal compliance and protects against future issues with lenders or appraisals. Unpermitted work can cause problems down the line.

[@joycecox8285]

Good morning. Enjoyed your video. Loved the way you guys got to the basics of where to get properties. Some friends and I were looking to do this under an LLC. We reached out to Padsplit and they said they haven’t expanded into the area where we considering purchasing. Wondering how does Padsplit select the areas they’re willing to refer clients to?

[@jamildamji]

Good morning to you! Glad you enjoyed the video! PadSplit usually picks areas based on rental demand, zoning, and housing market conditions. It’s worth checking nearby markets where they might be expanding. Let me know if you have any other questions!

[@gregthenn2791]

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

[@jamildamji]

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

[@melodeelucido1446]

Brilllliant presentation. So much gold!! Thank you!!

[@jamildamji]

Glad you enjoyed it! Keep an eye out for more content.

[@Melvinia24_7]

I want more videos about this especially Rahima's details on rehab specifically for Padslit.

[@jamildamji]

More to come!

[@tiffanyagee3274]

What is the name of Rahima property management company

[@annbrenttx8434]

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

[@jamildamji]

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

[@bethrobinson9604]

So helpful and straightforward!

[@jamildamji]

Thank you for watching, Beth. What did you find useful? Keep an eye out for more content! 🙏🏾

[@tauatrader]

great video dude. some really good information in here. can't believe how cheap your houses are . Im looking at 750 k for a house to do this on in Perth Western Australia. Interesting the need to put in a bathroom for every person. adds a lot to the cost !! Bu t result in way less conflict makes sense.

[@adrianneprivate]

Would love to see a pre and post renovation of a 7/7 from a 3/2!!😊

[@jamildamji]

I'll keep you posted!

[@hamina6774]

This was awesome!! Thank you both!!

[@carolsmalltherealtor3191]

I would love to see an example of what the closet would look like outside of the wall instead of inside of the wall behind the door

[@garyblasco1006]

Great content. Do you have before and after pictures of this property.

[@booyakashaboy7250]

Great information on padsplits! I'd like to see how this works with a sub2 property.

[@jamildamji]

Glad you found the info helpful! Padsplits with a sub2 property can be a great combo. It’s all about structuring the deal right. Stay tuned!

[@Jahde.R.E.I]

Thanks for all the info, you two are amazing!

[@jamildamji]

Our pleasure, thank you!. 🙏🏾

[@GWPPropertyInvestmentsTexas]

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]

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.

[@carlosbarron1284]

What about sound proof upgrades?

[@jamildamji]

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

[@frankclanton8876]

Nice video I would love to hear more. Thanks 🙏🏾

[@jamildamji]

More to come!

[@Easyservice-x8q]

The discussion was very nice, perfect video

[@jamescrenshaw5097]

Definitely want to know more about this topic!

[@jamildamji]

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

[@TheChenChenShow]

Where are Rahima's co-living properties? Which state and city is best for PadSplit?

[@jamildamji]

The best cities and states for PadSplit are: Atlanta, GA - Strong demand and affordable real estate. Houston, TX - Large workforce needing affordable housing. Tampa, FL - Growing population with housing demand. Dallas, TX - High demand for affordable rentals. Orlando, FL - Service industry-driven housing needs.

[@brianwyant6781]

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]

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]

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?

[@bobobrien1310]

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

[@jamildamji]

Stay subscribed to my channel for more info!

[@brucewolf4info]

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]

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.

[@Swampfox42]

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

[@jamildamji]

Thanks for watching!

[@fittedoasis]

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]

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

[@17MegaMon]

How does insurance work for these properties?

[@jeanpaulcastellanosalbi3339]

Are all Bathrooms and Bedrooms done with permits? Thinking on doing this but pretty sure I'll be in violation of my local zoning code. Any info on this?

[@jamildamji]

To avoid zoning violations, check with your local zoning office or building department to ensure all bathroom and bedroom work has the proper permits. Consulting a local contractor or real estate expert can also help.

[@pawelwisniewski6849]

Also make sure to follow occupancy law , most states don’t allow for more then 3 unrelated people to leave in one unit .

[@nadinecantorna]

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

[@jamildamji]

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

[@cvaughnthird]

More please! Great video!

[@jamildamji]

More to come!

[@mybeloved1]

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

[@jamildamji]

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.

[@luissarti4227]

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]

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!

[@lorizeller8358]

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]

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.

[@Investorjimmorgan]

You guys are awesome. It was so good to finally meet at the Clever Summit Jamil. Next time bring Sis. 😍🐊🤑

[@jamildamji]

Thank you so much! It was great to meet you at the Clever Summit! Looking forward to connecting again soon!

[@YveLombardi]

How do you find the other 20% if an lender only gives 80% LTV

[@Avelina-e5s]

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

[@jamildamji]

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

[@kristiangarcia3322]

More info please I’m in Texas market looking for a way to cash flow more with taxes being so high

[@jamildamji]

Keep an eye for more content!

[@gerhardbouwer8721]

Just want to say thank you for an awesome interview very helpful 🎉

[@jamildamji]

Thank you, stay tuned for more!

[@SimuelTurner]

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]

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

[@ezekielburchell]

Let’s go! I think we would all appreciate more or this

[@jamildamji]

More to come!

[@Dare2Survive]

Genius! Great stuff brother.

[@jamildamji]

Appreciate it, thank you so much. 😊

[@banaya6973]

How do i get started?

[@jamildamji]

To get started with PadSplit: Sign Up: Create an account on PadSplit. Property Evaluation: Ensure your property meets PadSplit standards. Listing: List your property on PadSplit. Member Screening: PadSplit handles tenant screening. Management: Manage your property through the platform.

[@briankirkland7076]

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

[@jamildamji]

Yes, PadSplit is operating in both Cleveland and Philadelphia.

[@dapartyat]

Do you allow couples and kid(s?) Or just singles?

[@jamildamji]

Co-living arrangements can vary widely depending on the specific community or property. Some co-living spaces are designed primarily for singles, while others welcome couples and even families with children.

[@edwardg6206]

When it comes time to sell the property, do you then re convert the house back to a 3 / 2? I mean, 99% of people will never buy a house at a 7 / 7 with no living room or dining room…

[@jamildamji]

If the layout is highly unconventional, like a 7/7 with no common living spaces, converting it back to a more traditional layout like a 3/2 can make the home more appealing to the majority of buyers. It’s about increasing marketability and maximizing your return on investment. Most buyers prefer a standard layout that fits their needs, and extreme modifications might limit your buyer pool.

[@SydnyNicole420]

Because we love jamil and his sister

[@jamildamji]

🥰🙏🏾

[@KimberleeMelissa]

How is she getting the mini splits so cheap? Another thing, I'm in Oregon and I don't see padsplit here, is it still possible to join to start a home?

[@jamildamji]

Great questions! She's likely getting a good deal on the mini splits by working with local suppliers or contractors who offer discounts for bulk purchases or ongoing business relationships. You can still explore starting a co-living home independently. PadSplit’s model can serve as inspiration, and you could set up your own system based on similar principles. It’s always worth reaching out to them directly to express interest and see if they have plans to expand to your area!

[@BradleyHolcman]

More more more!!! Run don’t walk!!

[@jamildamji]

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!

[@yt12394]

more yes! love it

[@jamildamji]

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

[@s.p.175]

I love your comments. I love your insight. …some photos and blue prints could help. Are some US cities better for this type investment?.

[@theicemanfrost]

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]

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.

[@aledmondson4442]

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]

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

[@todopegado01]

Great video guys ! Cheers from 🇨🇦

[@jamildamji]

Thanks for watching! 🙏🏾❤️

[@REIwAlexY]

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]

More to come Alex!

[@God-Life-Power]

SUPER VALUABLE VIDEO!! 💯🔥👏

[@jamildamji]

Thank you!

[@bobdavis1739]

I'm very interested to know more about this process.

[@jamildamji]

Hey Bob, I’m glad to hear you’re interested! I’d be happy to share more details about the process. What specific aspects are you most curious about?

[@TheDanielCollins]

Thanks Jamil and Rahima, for sharing your wisdom in this area. I’ve been studying about real estate long enough and now I want to get in. Could I find out more about being an investor with Rahima in a Padsplit?

[@T3kNician]

This is a lot of what I do with my property

[@jamildamji]

I'd love to hear more about your approach and any insights or tips you might have.

[@TRUEHARVESTPROPERTIES-v8m]

This was AMAZING would like to learn more. Rahima, what your brother said. Make a KZbin channel girl!!!!❤‍🔥❤‍🔥❤‍🔥

[@jamildamji]

Keep an eye for more content!

[@CowboyOneal-fu5uo]

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]

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!

[@leebstill]

What about cleaning?

[@yosoytercio245]

👍🏼

[@jamildamji]

Thanks for watching.

[@malachimuhammad178]

🚀🚀🚀🚀🚀

[@jamildamji]

Thanks for watching!

[@gregthenn2791]

….. & Padsplit !

[@jamildamji]

Yes, check it out, Greg!

[@matthew8661]

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]

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

[@anacho-q2x]

8 mini splits in california = $10k. not sure about the $800.

[@jamildamji]

California is definitely unique compared to most of the US.

[@lorenalara1706]

$715 in California for one ac unit....I wonder what would 7 mini splits cost

[@Jason-Burk]

Mini slits for $500 and install for $250 😲

[@raymondjefferson3096]

Co-living

[@CowboyOneal-fu5uo]

OPM other people 🤑

[@jamildamji]

That's right!

[@GregRutkowski]

No earthly good to me!

[@jamildamji]

Sorry to hear it didn't resonate with you.

[@CowboyOneal-fu5uo]

Buy and hold leftovers 😳 🤓

[@jamildamji]

🙏🏾

[@toddgriffin6747]

Padspilt don't do background checks

[@jamildamji]

Hey Todd, to become a PadSplit member, applicants first provide basic information like their name and address, through which the company verifies their identity and runs a background check.