College Houses - Seek 50-50 Partner

[Thomas Fish]

Background: I joined Doug Fath's student-housing program with the understanding that his "guaranteed funding" component would actually produce "guaranteed funding." Using his due-diligence model (which is very extensive), I found,secured, and submitted 30+ student-rental properties for the guaranteed funding. I am 5 full weeks into the 8 week program; and so far, NOTHING has been funded. They haven't even really been looked at! Which leaves me holding the bag on some VERY primo college properties.

Result: I now have 30+ properties tied up that are excellent college-rentals. Each one is 65% to ARV or better, cash flowing--or able to cash flow--at 1.5% of cost per month or better. Some have college renters already in the properties. Others are ready for them. All of the houses fit Doug's stringent due diligence criteria. In spades!

What I Am Looking For: I am now looking for investors to work with me in one of two ways:

1. Pay me an assignment fee of $10,000 (for each property that you want) and take the deal over completely.

2. Partner 50-50 with me. You fund the deal, I will manage the properties for 5 years, sharing the cash flow. In 5 years, I will either buy you out or walk from the deal.

3. Other ideas that you may have. I am flexible. I am currently sitting on top of some very good deals with no signs of Doug's "guaranteed funding" ever coming through. And even if it does come through now, I am thinking it'll only fund 6 - 10 max. Which still leaves me with 25+ properties to work with.

Please write if interested.

Thank you.

Tom