New member from NYC to invest in student housing

[Ruoxi Xie]

Hey All

This is Ruoxi. I’m a new member to the BP forum. 

I work as a Structural Engineer/Project Manager in NYC. You could say I know a thing or two about real estate but being a landlord on the side is definitely a different game for me.

I’ve been learning about buy and hold rentals particularly in student housing from the BP podcast and YouTube for quite a while. Now it’s probably the time to step up in the real world.

I'm definitely going to go out of state.(would hate to be a NYC landlord especially now) I have some good old friends in Gainesville, FL and Bethlehem, PA doing their PhD programs they all recommended their town. I obviously did some digging myself and the numbers ran really good per room even for properties on MLS which is a little too good to be true for me. So definitely need some more education to figure out what's the catch.

I’m very motivated to get things going. As a matter of fact I wish that I could get the first student rental as soon as next month.If it goes well my finances would probably allow me to do 1-2 deals a year. I would love to get to know the right people in these two towns and beyond.

Thank you very much for reading all these paragraphs. I hope y’all have a great day.