Ep 16 Part 2: “Creative” Real Estate Deals From a 25-Year-Old Who Didn’t Want to Live In His Parents’ Basement Forever
Host Atticus LeBlanc continues his conversation with real estate investor Dominic Inglese about “creative” real estate deals, contrasting them with traditional bank financing and explaining low-equity, subject-to acquisitions where an investor takes over payments on an existing mortgage. Dominic details a Florida purchase acquired with about $15,000–$20,000 in entry costs, later investing about $90,000 total to convert a 3-bed/3-bath into a coliving/PadSplit property by reworking the floor plan and splitting a large garage, emphasizing parking, bus-stop proximity, and job access. He discusses risk mitigation through cash flow and fallback to long-term rental, describes HouseAble’s “invested citizens” concept and using PadSplit as a stepping stone to lease-option homeownership, highlights holistic affordability beyond rent, shares leadership lessons on empowering teams, outlines growth goals, and explains using AI to automate repeatable processes for speed and efficiency. 00:00 Welcome Back and Setup 00:27 Creative Deals Explained 02:06 Low Equity Subject To Example 04:03 Turning 3 Beds Into 9 07:24 Risk Math and Returns 11:22 Invested Citizens Mission 13:03 Coliving to Homeownership Path 17:55 HouseAble Leadership Lessons 19:06 Five Year Vision and Purpose 21:15 AI to Supercharge Investing 23:20 Rapid Fire and Wrap Up One Room at a Time podcast: https://padsplit.com/podcast Connect with Atticus LeBlanc on LinkedIn: https://www.linkedin.com/in/atticus-leblanc-3960466/ Connect with Dominic Inglese on LinkedIn: https://www.linkedin.com/in/dominic-inglese-3a4006221/ References: HouseAble: https://houseable.com/ The Lean Startup by Eric Ries: https://www.amazon.com/Lean-Startup-Entrepreneurs-Continuous-Innovation/dp/0307887898/