Doug Fath Student Housing

[Account Closed]

How does everyone feel about this hype over Doug Fath "Six figure student housing"?

I watched all of his videos and will join in on tonight's webinar. I like his ideas and his strategies. However I feel that having no expenses and earning that much cashflow monthly is a little far fetched.

Any thoughts, or experience in student housing or with Doug himself would be great.

Thanks
Greg

[Thomas Fish]

My jury is still out on the "guaranteed funding" aspect of Doug Fath's program. His material is good...some of it is excellent! But I've submitted 30+ deals so far and NOTHING has been funded yet. Still waiting! And waiting!

When I started the program, I took the "guaranteed funding" component of it VERY seriously. It was hyped, no doubt. It sounded like he had all the funds lined up...and a group of investors... and it was just a matter of finding the deals that met the criteria and, boof, he'd fund it in one of 3 ways.

So I approached the program with a set plan: to submit 10 great deals to him per week. I worked all week finding deals, and then, every Friday before 5, like clockwork, I submitted 10 deals. Every one of them meeting the criteria established in the program: 65% to ARV, 1.35% cash flow. And several other variables. All met. As we speak, I have 35 deals sitting somewhere in the ether-equivalent of his desk. And nothing has been funded yet. (This is the 5th week of the program. I stopped submitting until I see what is going to happen with this guaranteed funding.)

We eventually talked on the phone, and he asked me to just pick the top 3. That was a hard task. I had tied up houses in one of the most booming college towns in the country. I have houses ONE BLOCK from campus!!! I have houses with college kids living in them NOW! Picking 3 was a difficult task, but I did that.

I'm 5 weeks into what is supposed to be an 8 week program, and not ONE house has yet been funded.

Because I have prime properties tied up, I am now seeking other investors to pick up what I thought the "guaranteed funding" program would take care of.

But as I said, my jury is still out on the "guaranteed funding" aspect of the program. Doug seems like a very sharp guy, and he knows what he is talking about. His course materials are great...some of the things are priceless. I would recommend the materials to anyone wanting to learn about this particular niche market.

I will post again in 3 weeks to update you on the funding. Did my deals get funded? And how many out of 35? (I would think at least 1/3 of them would get some attention)

Time and patience will tell.