Host Atticus LeBlanc, CEO of PadSplit, interviews Charlotte-based investor Ed Peugh, a Marine Corps veteran who bought his first rental in 2005 and later co-founded CLTBuyers in 2019 after adding systems and processes to scale his business. Peugh discusses how real estate investing has changed with better tools and stronger local investor communities, and shares an early coliving attempt that failed due to operational issues and financing constraints, resulting in deeding a property back to a hard-money lender. After joining PadSplit, he reports reaching full occupancy in 10 days and now operates mostly traditional 3–4 bedroom homes, valuing reduced vacancy loss and turn costs, faster room refills, and minimal turnover expenses. He also describes the diverse backgrounds of PadSplit members and explains how coliving can support more “win-win” transactions.

00:00 Show Introduction

00:31 Meet Ed Peugh

01:22 First Deal in 2005

02:19 Market Changes and Tools

05:23 Building CLTBuyers

06:46 Early Coliving Failure

08:59 PadSplit Success Story

12:06 Three Bedroom Strategy

14:38 Vacancy and Turn Costs

19:20 Hosting Lessons and Guests

22:23 Win Win Deal Philosophy

25:24 Wrap Up and Part Two

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 CLTBuyers: https://www.instagram.com/cltbuyers/

References:

• CLTBuyers: https://cltbuyers.com
• Rich Dad Poor Dad by Robert Kiyosak: https://a.co/d/00XJ6QxA