Financing College Rentals???

[Chris Ryan]

I am looking into buying a couple rental properties in a college town and wanted to find further info on financing. For instance, do lenders add back the rental income at 75%? Do they write on a per bed or per unit basis (i.e. does a 5 bedroom house look the same as a 5 unit apartment bldg to a commercial lender?). What about if you acquire a portfolio of several rental homes---do they get grouped into one package usually? And are LTV's usually at 80/20 or is something else usually standard in the financing of college rentals? Please keep in mind these are properties that have continuously been rented to college students and in college areas. I appreciate your feedback. Thank you.