Student Rental Single family

[Jackie Jiang]

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $230,000
Cash invested: $63,000

Student Rental which was bought from another investor with a lease and recently turned over. Planning to increase rents by 200/month next year. Has potential to add 2 bedrooms and bathroom in basement which will increase rent by 625/room

What made you interested in investing in this type of deal?

Want to build up student rental portfolio

How did you find this deal and how did you negotiate it?

Off market when I was touring a rental property the listing agent let me in and I told her what I was looking for.

How did you finance this deal?

DSCR Loan

What was the outcome?

rented and DIY lanlording

Lessons learned? Challenges?

I had to choose a different Hard money lender with higher rate buy they had less stipulations and got the deal done