All Forum Posts by: Daniel Payne

That's why I'm here -- to read up. I know cashflow isn't that simple. I'm used to doing business now and there is always more than it appears at first glance. I might just end up stacking a few capital disbursements from my publishing company and buying property slowly but with cash. That way the cash flow is a lot healthier. The 'bad' market doesn't really scare me, especially if I pay cash for whatever I wind up doing. I know people will probably bash me for trying to buy rentals with all cash, but lets face it..if things turned sour on me, I'd have a lot more options than the guy who is highly leveraged.

Either way, I wont be making my first move till about December or January. I'm taking this time to explore my options.

Thanks for the tips everyone, I'm looking at some 2 bedroom condo's in town. The trends here have these being leased out to two different college students (on individual leases) with parents as co-signers if they are under 25 years old.

Due to the fact that I am a college student myself, I wont be renting to freshman or sophomores with the party-bug still fresh in their system.

I figure if i can get a 2br with individual leases I should have enough cashflow per month to cover mortgage (should be pretty low, i'm gonna throw a lot of cash down), condo fees, and set some aside for clean-up when they leave. I'm not looking really to line my pockets on a per month basis, but really just have someone else paying in equity for me. However a few extra hundreds a month surely wouldn't hurt anything.

Hello Everyone, my name is Daniel. I'm a current college student about to graduate in Accounting. I've got plans to go to law school next year at Ole Miss.

I'm co-owner of a publishing company that I started and I want to invest my yearly capital disbursements into real estate. I'm pretty sure I want to get into condominiums in college towns due to the insane rental markets I have seen around my current university.

I'm here to learn and take action. Take it easy.

DPayne