INVIDA co-living - How we started (120 secs)

Name: INVIDA co-living - How we started (120 secs)
Uploaded: 2022-08-08T02:17:35+00:00
Duration: 1 min 52 s
Channel: Ian Ugarte
Description: Ian Ugarte founded INVIDA to convert single-family homes into multiple units, targeting older single women facing housing stress. One property can go…

8 Aug 2022 · 2 min

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1:52

Ian Ugarte founded INVIDA to convert single-family homes into multiple units, targeting older single women facing housing stress. One property can go from $600 to $1,200–$1,500 per week in rent. Most renters are singles or couples, but most available rentals are 3–5 bedroom houses.

Questions this video answers

August 8, 2022.

Instead of $600 per week, Invita properties can yield $1,200 to $1,500 per week.

Four front doors (one into four self-contained units).

Single females around 55 years old.

He claims 60–80% of people looking for accommodation are singles and couples, and 60–80% of available properties are three-, four- and five-bedroom houses.

Chapters

Invita came about by really me many years ago, wanting to become a big block developer. And that's buying a large piece of farmland and chopping it up into the smallest amount of squares I could and then putting the largest houses on those small squares that the council would allow. I then realized that was an extremely unfulfilling component to my life because I became what they call rich and not wealthy. Rich people have a lot of money, but wealthy people have a lot of time to spend it. So for me, Invita was actually about creating an investment strategy that benefits benefited multiple areas of housing and the community. What we do is basically double and sometimes triple the cash flow of a normal investment property. Effectively we turn one front door into four front doors, giving each person their own living area, their own sitting room, their own bedroom and their own bathroom. And by doing that, what you do is you get instead of $600 a week rent, you'll be getting 1200 to $1500 a week instead of the standard and in everyday cash flow. Now we've got a housing shortage in Australia. Particularly 55 year old single females are becoming homeless. These are women that looked after house and home for the last 20 or 30 years and now find themselves in a predicament where they don't have enough savings and the cost of living is very, very high. So they're our anchor resident and we build a household around them. We realised that 60 to 80% of the people looking for accommodation right now are singles and couples. And 60 to 80% of the properties available for them to rent is three, four and five bedroom house, the exact houses that I was producing many, many years ago. Invita is here to be able to help the community get into a better spot so that the community can become just like the one that I grew up in when I was a young child. This is what we need back in Australia. We've lost community and community was lost because we lost the household. We're rebuilding households in Invita to create.