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Updated over 1 year ago on . Most recent reply

User Stats

24
Posts
25
Votes
Timothy Eaton
  • New to Real Estate
  • Seattle, WA
25
Votes |
24
Posts

23 years old with a little over $30,000

Timothy Eaton
  • New to Real Estate
  • Seattle, WA
Posted

Hi, 

My name is Timothy Eaton, but you can call me Shea. (It’s my middle name)

I am a recent graduate from the university of Washington. I have been working full time for almost a year now and I have money saved up and want to do something with it. 

First, I’ll outline my interests. I really like university housing. It is consistent, and highly priced with good cash flow. The downsides are the constant issues with the homes because college students tend to abuse the homes more than a typical family would. Though I have lived in this situation as a college student and it intrigued me and I saw how much money our house paid every month to live in a pretty poor home($14,000/month). 

In order to execute something like this right now would be to pair up or team up with a number of smaller investors to secure a property of this sort and share the cash flow and equity built on the property. If you have similar cash to myself or more please let me know! I am happy to do the grunt work and try to put this type of deal together myself. I just need some help.

Secondly, I am looking at university housing in other states such as Ohio, Alabama, and Michigan. These areas can cash flow without needing to find the crazy deal that you would have to have up here in the pnw. I can also find these projects on my own. 

If you have any advice or have the urge to team up with someone like myself please reach out! 


Most Popular Reply

User Stats

161
Posts
217
Votes
Najma Osman
  • Real Estate Agent
  • Columbus, OH
217
Votes |
161
Posts
Najma Osman
  • Real Estate Agent
  • Columbus, OH
Replied

Hi @Timothy Eaton

If you are considering Ohio, I would look into Columbus near the Ohio State University. There are 60,000+ students who attend OSU and the demand for off-campus housing is pretty high. Columbus overall has seen great appreciation with many new jobs being created from large expansions by companies such as Intel, Honda, Amazon, Nationwide Children's hospital, and Wexner Medical Center. I am very familiar with the area and would love to be a resource to you. Feel free to reach out with any questions!

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