All Forum Posts by: Axel De Stabenrath

Thank you Ola, I actually listened to the podcast and ordered the book yesterday evening. I am starting to see the complexity of rental to students especially when not being local and I will have to do my due diligence to find the right partners to work with. I’ll definitely let you know how it goes and it probably won’t be a smooth ride but that will at least we will get started.

Thanks to all of you for the response and thank you @Will Gaston for the reference to your prior post, it has a lot of interesting information.

I still need to get a little more familiar with the basics, but will certainly reach out to some of you when it is time to move forward with the project.

@Tiffany Alexy, out of curiosity, are those non-warrantable communities common or more of an exception in Raleigh.

Hello,

A friend and I are planning to buy a property in Raleigh Q1 2018 and from there build a Buy & Hold portfolio if things go well.

For our first purchase we are looking at buying a 3/4 bedrooms condo close to NCSU to rent to college students. Since we are not local (live in SoCal), we would hire a property manager and we are thinking of putting the property under a LLC structure and we would split 50/50 the purchase (my friend would pay cash and I am taking a loan). We are targeting the $100k to $150K price range.

This is my first purchase and I am still educating myself and could and will probably find the answer as I dig deeper into BP website. Anyhow, I would be interested in having feedback from experienced investors:

- Is the LLC structure the best way to go?

- Is the idea of renting to university students good for this kind of buy and hold investment?

- Are there any BP members who have invested in Raleigh and would recommend a real estate agent and a property manager?

- Any advice on the type of loan and maybe a recommendation for a loan broker?

There are probably many things that I am not thinking of right now and any advice is welcome.

Regards,

Axel