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You may remember a podcast conversation I had with UK investor Susannah Cole several months ago where she shared the HMO concept \\u2013 Homes of Multiple Occupancy.\\xa0 This is somewhat unique in the United States, but very prevalent in the UK, and it basically is a co-living situation where professionals rent out rooms in a shared house.\\xa0 I wasn\\u2019t really aware of this concept in the U.S. outside student housing, group homes and boarding houses, but apparently my guest today has been quite successful at it.

Shortly after Susannah\\u2019s episode aired I was contacted by Ron Thomas, an investor out of Albuquerque, New Mexico who has not only developed this model for his real estate business, but claims it works better than any other real estate strategy he\\u2019s tried.

Ron has been developing and perfecting his sytems for Shared Residence since 2009, and teaches his model to other local real estate investors.\\xa0 Today he\\u2019s going to explain how it works and how he\\u2019s averaging $1,000 net per property.\\xa0 We\\u2019ll also discuss the type of home that works best for this strategy, how Ron markets to his residents, and some creative financing strategies that can keep the acquisition cost reasonable.

Ron has a lot of great wisdom to share in this episode that every level of investor will benefit from.\\xa0You can find out more about Ron and his training by going to https://courses.shared-residence.com

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