All Forum Posts by: Chad U.

Hi John,

You can try Daniel Wagner from Wagner & Associates Law Firm. He can recommend and form your structure, and is an aggressive guy that you'll want in your corner if any issues arise with your real estate transactions.  He saved my bacon on my last deal.   You can tell him I recommended you to him - I don't receive any referral fees.  

Sorry Dylan, what I meant was that you need to start advertising in Dec/Jan in order to get a 12 month lease starting May 1.  If you miss that window, there's a good chance you may be empty for the summer and have to get an 8 month lease starting Sept.  Getting rooms rented for summer is next to impossible given the number of sublets available, unless you  are a stone's throw from campus.  Hope that helps.  If you want any more info about rentals at Western, just PM me. 

Hi Dylan,

I have a 10-unit student apartment in London which is broken up into a 2 unit, 5 bed duplex.  The leases typically run from May to May on a one year basis, however with the influx of new residences and purpose-built student housing around campus, the supply is starting to outweigh demand.  Therefore, I'm seeing a lot more 8 month leases as the students have more options.  It is best to start advertising for rent for the upcoming year in Dec/Jan, and if it's not filled by Feb, you could be stuck with empty rooms during summer.

You can expect rents to run anywhere from $400 to $550/mth, depending on condition/age and proximity to Western.  I would recommend including the utilities in the rent so you have control, or least water/electrical, since students are notorious for skipping town on the last bills which then get added to your tax bill.  

Hey All,

My first post on BP!  

Has anyone applied for Auction.com's financing option, affiliated with Archetype Mortgage Capital? They offer a $500K+ Line of Credit at 9.95% interest rate with 1% draw fee, up to 70% LTV for purchasing properties through their Auction.com site, as well as at Trustee auctions. If so, interested to hear your experience and if their product is legit?

Thanks,
Chad