Dream Start Own Podcast - The Path to Own Your Time

Co-Living Cash Flow: How to Turn a Single Family Home Into 8 Rooms and Double Your Rent — With Karl Larsen

1 h 22 min · 3. juni 2026
episode Co-Living Cash Flow: How to Turn a Single Family Home Into 8 Rooms and Double Your Rent — With Karl Larsen cover

Description

What does a $20M sales organization, a private school and a co-living portfolio in Phoenix have in common? Karl Larsen built all three. In this episode, Karl breaks down how he transitioned from 15 years in Herbalife to solving the housing affordability crisis one co-living property at a time — and why rent by the room is the most underrated cash flow strategy in real estate right now. What we cover: * How co-living turns a 3-bed single family into 8 rooms and nearly doubles gross rent * Why Karl moved from fix and flips to co-living and multifamily * The tax problem that pushed him into real estate and how he found Pace Morby at midnight in Montana * Lake Academy: the private school he built in 90 days out of necessity * How to invest passively with Karl and Kyle Kargas — no experience required * How investor money is protected: liens, guarantees and cross-collateralization explained * The Elite Operator: scale without chaos coaching for real estate operators * Building a business with your spouse — what the first 18 months really looked like * The second mountain: why purpose now drives every business decision * One action to take this week if you want to start in real estate About Karl Larsen:Karl is a real estate investor, co-living operator, entrepreneur and co-founder of Lake Academy in Minnesota. He partners with Kyle Kargas on co-living properties in Phoenix and Atlanta and runs the Elite Operator coaching community for real estate operators who want to scale without chaos. Chapters:00:06 - Intro + who Karl Larsen is01:30 - Growing up without entrepreneurial examples03:08 - Living in a van: the scariest moment of his first business07:02 - Herbalife brick and mortar: from 22 to 120 customers10:02 - Why Herbalife — and what a storefront changed11:43 - Building with his wife Brooke: the first 18 months15:36 - What made Brooke see his potential18:06 - How they grew the organization to $20M a year21:07 - Why spending time with your people is the actual secret26:22 - Why he pivoted from Herbalife to real estate28:05 - The tax problem and finding Pace Morby at midnight in Montana31:04 - Letting go of the baby you built for 15 years34:48 - Lake Academy: the private school built in 90 days39:28 - Project-based learning and the Shark Tank session43:19 - What co-living actually is and why it's getting mainstream45:38 - Why houses won't go back to 1999 prices — and what to do instead47:57 - PadSplit, property managers and their Phoenix operation48:33 - The numbers: 3-bed to 8 rooms, $2,500 rent to $6,400 gross50:14 - How to work with Karl and Kyle: kyleandkarl.com51:32 - No experience needed to invest — here's how it works52:36 - How investor money is protected55:16 - Biggest misconceptions investors have57:20 - Phoenix and Atlanta: the two co-living markets58:07 - The Elite Operator: scale without chaos coaching1:01:57 - Why busy founders need a community not a podcast vault1:05:00 - What running all of this actually costs him personally1:09:00 - The second mountain: what purpose means now1:14:40 - What the next 10 years look like1:18:15 - One thing to do this week if you haven't started yet1:21:24 - Where to find Karl 🔧 Tools & Resources 🔧Some links may be affiliate partnerships.🏠 Karl Larsen: multiunitincome.com | carlglarsen.com🤝 Co-living with Kyle and Karl: kyleandkarl.com🎓 Lake Academy: lakeacademy.com💸 Deal Funding 360: app.dealfunding360.com/?ref=EdgarSalgado💤 Eight Sleep: https://refer.eight.sl/edgardsalgado [https://refer.eight.sl/edgardsalgado]🏢 Prime Corporate Services: https://primecorporateservices.com/ [https://primecorporateservices.com/]?_...🏦 Foundational Funding: https://foundationalfunding.com/fundi [https://foundationalfunding.com/fundi]...🛠️ Edgar's tools: https://linktr.ee/EdgartheConnector [https://linktr.ee/EdgartheConnector] 🔌 Don't forget to 👍 like, 💬 comment, 🔔 subscribe, and share!Instagram: @edgartheconnector | TikTok: @edgarsrei 🚧 DISCLAIMER 🚧Not a CPA, attorney, insurance, contractor, lender, or financial advisor. Content is not tax, legal, financial, or other professional advice. For entertainment purposes ONLY.

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76 episodes

episode Beginner to First Deal: What Actually Got Real Investors Moving artwork

Beginner to First Deal: What Actually Got Real Investors Moving

Real investors share the moments that moved them from stuck to their first deal. If creative finance, SubTo, or landing that first deal still feels out of reach, this Dream Start Own compilation shows you what actually worked for people who started right where you are. What we cover: How everyday people found creative finance and took over their first mortgage Finding the right community and why the people matter more than the mentorship Pushing past fear, hesitation, and shiny object syndrome to take the leap Why partnership and the right team speed everything up How SubTo, Gator, and Owners Club fit into a real beginner's path This one is a Dream Start Own compilation. Different guests, one throughline: they stopped waiting and started. ⏱️ Chapters 00:00 Discovering Creative Finance 02:18 Finding the Right Real Estate Community 03:11 Don't Be Afraid to Take the Leap 08:32 Why Partnership Matters 08:41 Joining SubTo and the Gator Community If one story here sounds like where you are right now, follow the show and start with one small action this week. 👉 Don't forget to 👍like, 💬comment, 🔔subscribe, and share. 🔧 Tools & Resources Mentioned 🔧 Some of the links below may be affiliate partnerships. We only share tools we personally trust and use. 💸💸 Need funding for your next deal? Get approved fast here: 👉 app.dealfunding360.com/?ref=EdgarSalgado 💤 Sleep better, dream bigger! — Eight Sleep 👉 https://refer.eight.sl/edgardsalgado 💵 Prime Corporate Services (LLC setup + business credit) 👉 https://primepartner.info/edgardsa 💵 Foundational Funding, EMD, Transactional Lending, Double Close 👉 https://foundationallending.com/funding-wl?ref_name=Josh+Smith&ref_email=info@foundationalfunding.com ► Join the SubTo Community and learn creative finance from Pace Morby 👉 https://join.nre.ai/mQ9T9vZ ► Learn to make money on other people's deals with the Gator Method 👉 https://join.nre.ai/mQBDJK5 ► Tools I use for productivity 👉 https://linktr.ee/EdgartheConnector 🔌 PLUG IN & SUBSCRIBE 🔌 Instagram: @edgartheconnector TikTok: @edgarsrei 🚧 DISCLAIMER 🚧 We are not a CPA, attorney, insurance, contractor, lender, or financial advisor. Content is for entertainment purposes only; verify all information yourself.

Yesterday10 min
episode How AI Agents Help Entrepreneurs Buy Back Their Time artwork

How AI Agents Help Entrepreneurs Buy Back Their Time

AI is a giant tsunami. You can get swept under it or you can learn to surf. In Part 2 with Owen Mecham we get tactical on how AI agents actually buy back your time as an entrepreneur, and how everyday business owners can start today. What we cover: How Owen and his wife Mary built My Business Genie AI to make automation simple for regular business owners Using AI agents to underwrite real estate deals on their own (Mary bought back 15 hours a week) Making money while you sleep by letting AI do the pre-work before you clock in Training your AI like an employee instead of treating it like a search bar Real AI use cases for real estate investors The biggest AI mistake business owners are making right now Where to start if AI still feels overwhelming About the guest: Owen Mecham is the founder of My Business Genie AI, built to put automation in the hands of everyday entrepreneurs. This is Part 2. If you missed Part 1, that one is his personal story of health, healing, family, and turning pain into purpose. CHAPTERS 00:00 Preview 01:05 Welcome Back with Owen Mecham 01:40 When My Business Genie AI Started 05:12 Buying Back Time with AI 06:37 AI Underwriting Real Estate Deals 09:42 Making Money While You Sleep 11:45 The Moment AI Changed Everything 17:13 Building My Business Genie with Mary 19:47 Training Your AI Like an Employee 29:19 AI Use Cases for Real Estate Investors 33:26 What AI Gave Back to Owen Personally 34:28 The Biggest AI Mistake Business Owners Make 38:27 Where to Start with AI 42:26 Where to Find My Business Genie AI Connect with Owen Mecham Instagram: @theowenmecham My Business Genie AI: mybusinessgenie.ai If this one helped you, follow the show and share it with one person who needs to hear it. --- PROMO BLOCK 👉 Don't forget to 👍like, 💬comment, 🔔subscribe, and share. 🔧 Tools & Resources Mentioned 🔧 Some links below may be affiliate partnerships. We only share tools we personally trust and use. 💤 Sleep better, dream bigger — Eight Sleep 👉 https://refer.eight.sl/edgardsalgado 💸 Need funding for your next deal? Get approved fast: 👉 app.dealfunding360.com/?ref=EdgarSalgado 💵 Prime Corporate Services (LLC setup + business credit) 👉 https://primepartner.info/edgardsa 💵 Foundational Funding — EMD, transactional lending, double close 👉 https://foundationallending.com/funding-wl?ref_name=Josh+Smith&ref_email=info@foundationalfunding.com ► Join the SubTo Community and learn creative finance from Pace Morby 👉 https://join.nre.ai/mQ9T9vZ ► Learn to make money on other people's deals with the Gator Method 👉 https://join.nre.ai/mQBDJK5 ► Tools I use for productivity 👉 https://linktr.ee/EdgartheConnector 🔌 PLUG IN & SUBSCRIBE 🔌 Instagram: @edgartheconnector TikTok: @edgarsrei 🚧 DISCLAIMER 🚧 We are not a CPA, attorney, insurance, contractor, lender, or financial advisor. Content is for entertainment purposes only; verify all information yourself.

8. juli 202643 min
episode Two Brain Surgeries Changed His Life. Then He Built This for Kids | Owen Mecham artwork

Two Brain Surgeries Changed His Life. Then He Built This for Kids | Owen Mecham

Owen Mecham spent 24 years building tech systems at Carvana. Then a milkshake triggered the most painful condition known to medicine — both types at once, a 1-in-10 million diagnosis — and for almost two years, doctors had no answers. What he built on the other side of two brain surgeries at Stanford is now helping kids do what no one taught him as a child: train the mind before it breaks. * How losing his job, his promotion and his housing the same day he returned from his honeymoon wired his resilience before he knew he'd need it * What trigeminal neuralgia actually does and why pharmaceutical options ran out first * The 48-hour call from Stanford's chief neurosurgeon and what his wife Mary held onto when he couldn't * The Tim Story moment at Squad Up that became the seed for Warrior Thoughts * How the app helps kids reframe negative thinking and build a tribe that checks in on them This is Part 1 of Owen's conversation. Next week he's back with his AI business tool My Business Genie and what he's building for entrepreneurs. Connect with Owen: Instagram: @theowenmecham Warrior Thoughts: @mywarriorthoughts | warriorthoughts.com 👉 Don't forget to 👍like, 💬comment, 🔔subscribe, and share. 🔧 Tools & Resources Mentioned 🔧 Some of the links below may be affiliate partnerships. We only share tools we personally trust and use. 💸💸 Need funding for your next deal? Get approved fast here: 👉 app.dealfunding360.com/?ref=EdgarSalgado 💤 Sleep better, dream bigger! — Eight Sleep 👉 https://refer.eight.sl/edgardsalgado [https://refer.eight.sl/edgardsalgado] Get your LLC 👉 Prime Corporate Services 👉 https://primepartner.info/edgardsa [https://primepartner.info/edgardsa] 👉 Foundational Funding, EMD, Transactional Lending, Double Close 👉 https://foundationallending.com/funding-wl?ref_name=Josh+Smith&ref_email=info@foundationalfunding.com [https://foundationallending.com/funding-wl?ref_name=Josh+Smith&ref_email=info@foundationalfunding.com] ► Join The Subto Community for Life & Learn Creative Finance from @PaceMorby 👉 https://join.nre.ai/mQ9T9vZ [https://join.nre.ai/mQ9T9vZ] ► Learn How to Make Money on Other People's Deals with the Gator Method 👉 https://join.nre.ai/mQBDJK5 [https://join.nre.ai/mQBDJK5] ► Tools I use for productivity 👉 https://linktr.ee/EdgartheConnector [https://linktr.ee/EdgartheConnector] 🔌 PLUG IN & SUBSCRIBE 🔌 Instagram: @edgartheconnector TikTok: @edgarsrei 🚧 DISCLAIMER 🚧 We are not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these episodes shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a podcast for entertainment purposes only.

1. juli 20261 h 2 min
episode Creative Finance for Cars: How to Buy and Sell Vehicles Without a Bank With Mike Davis Jr. artwork

Creative Finance for Cars: How to Buy and Sell Vehicles Without a Bank With Mike Davis Jr.

What if you could apply the same creative finance strategies you use in real estate to buy or sell a car with no bank involved? Mike Davis Jr. figured it out. He's the founder of Top Wheels, the nation's leading TC company for creative vehicle deals, creator of the Sellify marketplace and the AIOS Blueprint AI operating system. This episode covers vehicle creative finance and how AI agents are changing the way business owners work. What we cover: * How subject-to and seller finance translate directly to cars trucks RVs boats and aircraft * Why most sellers are stuck between trading in for nothing or a lowball offer * What a TC does in a vehicle deal and what goes wrong when you skip one * The Bentley Bentayga deal: how a seller got above asking price with zero down * Why high-income buyers use creative finance even when they qualify * What an AI agent actually is and why it is not a magic wand * How Mike built an entire product launch from his phone in bed * First step for real estate investors wanting to get into vehicle deals About Mike Davis Jr:Founder of Top Wheels, creator of Sellify.io and the AIOS Blueprint. He has coordinated creative vehicle deals across 49 states and has been building with AI since ChatGPT launched in 2022. Chapters:00:00 - Intro + who Mike Davis Jr. is01:59 - From wholesaling real estate to creative car finance03:28 - The main problem: winging deals on handshakes and hope06:13 - How a creative vehicle deal works start to finish07:06 - Sellify.io: the first AI driven creative vehicle marketplace08:22 - What goes wrong without a transaction coordinator09:42 - 49 states: cars trucks RVs boats and aircraft15:22 - The AIOS Blueprint: AI operating system for your business18:15 - Building a product launch from his phone in bed19:46 - Computer specs and subscriptions you actually need26:13 - Why every business owner needs an AI agent33:33 - What work means when AI handles 90% of your output42:55 - Tasks Mike no longer does manually48:42 - First step this week for real estate investors entering vehicle deals49:22 - Where to find Mike 🔧 Tools & Resources 🔧Some links may be affiliate partnerships.🚗 Top Wheels TC: topwheels.io🛒 Sellify marketplace: sellify.io🤖 AIOS Blueprint: aiosblueprint.com📘 Top Method community: facebook.com/groups/TopMethod🎓 Top Method Academy: jointopmethod.com📱 Mike: @MikeWillCloseIt on Instagram and Facebook💸 Deal Funding 360: app.dealfunding360.com/?ref=EdgarSalgado💤 Eight Sleep: https://refer.eight.sl/edgardsalgado [https://refer.eight.sl/edgardsalgado]🏢 Prime Corporate Services: https://primecorporateservices.com/ [https://primecorporateservices.com/]?_...🏦 Foundational Funding: https://foundationalfunding.com/fundi [https://foundationalfunding.com/fundi]...🛠️ Edgar's tools: https://linktr.ee/EdgartheConnector [https://linktr.ee/EdgartheConnector] 🔌 Don't forget to 👍 like, 💬 comment, 🔔 subscribe and share!Instagram: @edgartheconnector | TikTok: @edgarsrei 🚧 DISCLAIMER 🚧Not a CPA, attorney, insurance, contractor, lender, or financial advisor. Content is not tax, legal, financial or other professional advice. For entertainment purposes ONLY.

24. juni 202650 min
episode Deals Others Walk Away From: Creative Finance Strategies With Uncle Lanza of Subto artwork

Deals Others Walk Away From: Creative Finance Strategies With Uncle Lanza of Subto

Most investors walk when a deal gets complicated. Vincent Lanza walks toward it. Known as Uncle Lanza in Pace Morby's Subto community, Vincent has been doing creative finance deals in one of the hardest real estate markets in the country since 2019. In this episode he breaks down how he structures hybrid deals others can't touch, handles sellers who pass away mid-close and mentors complete beginners to their first $20K deal. What we cover: * The hybrid deal: combining subject-to and seller finance to acquire a $400K hoarder house with almost no cash * How he structured $200K in seller equity with zero payments until sale * The deal where the seller passed away on closing day and what they did next * Solar liens, tax liens and the title company that blew up a deal at the last minute * How he went from student to one of Subto's most trusted leaders * What makes San Francisco one of the hardest and most rewarding markets to invest in * The Lanza method: how he mentors beginners from zero to their first deal * The one mistake that keeps most people stuck in creative finance * Why taking action beats having all the answers every time * How to join his free weekly deal review call About Vincent Lanza:Vincent is the CEO of Verity Property Investors and founder of Lanza Partners. He was one of the first members of Pace Morby's Subto community and is known as Uncle Lanza for his leadership mentorship and deal teaching. He operates across California, Tennessee, North Carolina and Texas. Chapters:00:04 - Intro + who Uncle Lanza is01:06 - One of the first Subto members: how he found Pace at a Fresno meetup03:19 - COVID hits and why creative finance made sense in San Francisco04:46 - Entrepreneurial roots: his dad left Bell Labs for a Silicon Valley startup08:03 - How real estate entered the picture: from CD-ROMs to wholesaling10:39 - Why Kevin O'Leary brought them into real estate in 201914:55 - From student to Uncle Lanza: how he stepped into leadership17:52 - The Lanza method explained simply18:23 - The hybrid deal: hoarder house squatters sub-to and seller finance23:07 - Getting the seller to carry $200K with no payments until sale26:36 - The seller passed away on closing day: what happened next30:43 - Lanza Partners: building a full team around the business33:11 - Building a business with your spouse for 40 years37:27 - Deal that nearly broke them: solar liens tax liens and a bad title company42:09 - The moral dilemma: walk away or close anyway?45:33 - How they saved the deal by going back to the hard money lender50:11 - Why having your property in a trust matters more than most people realize51:50 - What most investors from cheaper markets misunderstand about San Francisco55:33 - California pros and cons: wholesaling landlord laws and co-living57:14 - Watching a beginner go from zero to $20K on his first deal1:02:04 - The one mistake that keeps people stuck in creative finance1:07:38 - Where to find Vincent and the free weekly deal call 🔧 Tools & Resources 🔧Some links may be affiliate partnerships.🤝 Uncle Lanza free weekly call: lanzapartners.com/Vincent💸 Deal Funding 360: app.dealfunding360.com/?ref=EdgarSalgado💤 Eight Sleep: https://refer.eight.sl/edgardsalgado [https://refer.eight.sl/edgardsalgado]🏢 Prime Corporate Services: https://primecorporateservices.com/ [https://primecorporateservices.com/]?_...🏦 Foundational Funding: https://foundationalfunding.com/fundi [https://foundationalfunding.com/fundi]...🛠️ Edgar's tools: https://linktr.ee/EdgartheConnector [https://linktr.ee/EdgartheConnector] 🔌 Don't forget to 👍 like, 💬 comment, 🔔 subscribe and share!Instagram: @edgartheconnector | TikTok: @edgarsrei 🚧 DISCLAIMER 🚧Not a CPA, attorney, insurance, contractor, lender, or financial advisor. Content is not tax, legal, financial or other professional advice. For entertainment purposes ONLY.

17. juni 20261 h 11 min