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b'In this episode, we\'ll discuss Matt Ryan\'s strategy for co-living and developing affordable housing in various markets throughout the US. Matt explains that their focus is on "thesis-driven real estate." They aim to address significant socioeconomic issues by targeting the 22 to 35 demographic with affordable co-living options. His company, Re-viv, also aims to alleviate gentrification and invests 1% of pre-tax profits back into the communities where they operate. Matt also mentions how they focus on retaining customers by diversifying product types, such as offering traditional studios and bedrooms, and co-living spaces. Learn the importance of real estate as an investment and how it can create wealth and equity by tuning in!\\n\\xa0\\n[00:01 - 07:16] Opening Segment\\nIntroducing Matt to the show\\nMatt\'s company Re-viv is a real estate private equity firm focused on co-living and community revitalization projects\\nThey aim to tackle socioeconomic issues and provide affordable housing for the 22-35 demographic\\nCo-living reduces friction and competition in up-and-coming neighborhoods, helping to alleviate gentrification\\nCo-living is a turnkey model that provides furnished bedrooms and shared common spaces, reducing friction for renters and property managers\\n\\xa0\\n[07:18 - 13:02] Re-viv\'s Co-Living Model Saves Renters Up to $500 a Month and Builds Community Engagement\\nCo-living can save people $200-$500 a month compared to renting a studio or one-bedroom\\nCommunity events and services are provided to create a sense of belonging and engagement\\nFinding a market and property involves touch and feel, data analysis, and looking for growth and economic vitality\\nRe-viv focuses on up-and-coming needs with good entry prices for value-add renovations\\nThe purchase price is vital in determining short-term and long-term cash flows and margin of error\\n\\xa0\\n[13:03 - 19:36] Navigating Local Regulations and Zoning Reforms in Co-Living Development\\nLocal regulations and zoning play a significant role in co-living development\\nHeavy lift deals involve putting 20-50% of the purchase price back into the deal\\nLong-term co-living is strictly a development play with opportunities for renovation\\xa0\\nDiversifying product types to include traditional studios, one-bedroom, and two-bedrooms to retain customers\\n\\xa0\\n[19:37 - 25:16] Co-living and micro-housing for millennials and gen Zs\\nThe trend of people leaving larger cities for more affordable areas cannot be ignored\\nWork from home trend has accelerated due to COVID-19\\nHigh-paying jobs are still concentrated in major cities\\nSmall-scale development, middle market or private equity, and real estate will be attractive over time\\nTarget tenants for co-living maybe someone in their twenties who works in the service industry or nonprofit workers, teachers, etc.\\n\\xa0\\n[25:17 - 34:23] Closing Segment\\xa0\\nBest investment: house hacking\\nWorst investment: going into a business that you know nothing about\\nMost important lesson: doing the deep dive and thinking about what you don\'t know\\n\\nQuotes:\\n\\xa0\\n"Sharing space isn\'t always the easiest thing. You want to create a high level of engagement and a high level of sense of community and belonging and kind of work through just some of those issues that people run into from a roommate situation as well." - Matt Ryan\\n\\xa0\\n"As a nation, we\'re largely not building enough housing and haven\'t been for a very long time." - Matt Ryan\\n\\xa0\\n"Identifying the things that you don\'t know or the most risky elements of investing is crucial." - Matt Ryan\\n\\nConnect with Matt!\\nWebsite: www.re-viv.com\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.\\nJoin our Passive Investor Club to access passive commercial real estate inv'