Hi everyone!
My name is Bob Murphy. I'm from Connecticut and I just discovered Bigger Pockets a few months ago. I started listening to the podcast that I found on Itunes . I have been looking for information on real estate specifically how to raise private money, partnerships and information on off campus housing for college students . My son and I just purchased a single family home in Springfield Ma 3 Bedroom 1 bath up stairs and 2 bedrooms 1 bath in cellar We are currently getting $500-$600 a room with utilities My son is staying in one of those rooms He is a senior. We have been looking for the right house for a little while. We purchased the house with owner financing putting 10 % down 6 year balloon Using a cash advance for the down payment at 0% interest for a year the house is breaking this year and next year there will be a positive cash flow.
We intended to make a business in the off campus student housing market by offering high quality housing in good safe neighborhoods for the students
Just a little about my self . I had my own restaurant for over 10 years And closed it I few years ago. I am just doing a little catering for a friend of mine at the moment. I am a member of CT Rea and have been though there couching program and have spent a lot of time on personal development the last few years I would like a better way of life. I really enjoy the real estate business and I'm ready to get going with my new business. Looking forward to meeting up with a lot of you Thank You and God Bless
