Lease Sublet Investments

[Brendan Fox]

Hi all,

 Hi all,

I am a new investor in my local area and I’m looking for some insight for leasing and then subleasing properties. The market I am operating in is in a smaller university city and is primarily based on buy and hold real estate. 

There are not a lot of available properties to purchase. However, there are a lot of properties that are available for rent. This is my dilemma: I want to lease properties from owners looking to sell their homes and from real estate groups that are currently leasing out homes. I believe that this will be perfect for students as the University consistently adds more students to their total student population every year.

 I am looking for ways to approach these homeowners and real estate groups as a more dependable leasee as I would provide them with a consistent check every month and would sub lease the property to students primarily. I would then manage the property to make sure that the properties retain their value and are not, to be blunt,  destroyed by the poor care of students. 

What strategies would any of you suggest? I am open to just about anything as I am primarily looking to use this as a stepping-stone to getting into multi family properties and residential buy and hold real estate development.

Thanks,

Brendan