All Forum Posts by: Kevin Akers

Hi!

I have a new rental coming on the market soon. It is located very close to the local university and we would like to make it a student rental and rent it by the room. What would be the best method of advertising to attract students to the property?

Hi Everyone!

Hope you are having a fantastic day so far.

I am curious to know what resources everybody uses to analyze a market’s economic trends and what indicators you specifically watch out for?

Thank for sharing @Duncan Hayes and @Alan Bailey. I will check out propstream. I already use Dealmachine for D4D

Thank you @Andrew Turner

I know I am late to the party, but I just signed up for DealMachine to do some D4D. I did notice that DealMachine has a list builder as well. Has anybody used it? I know it most likely is not as good as Propstream but is the data sufficient enough? 

@Anna Laud

I think you are right, just buying it from the seller makes more sense vs seller finance

@Anna Laud

Yes, I factored in that there will be PMI. I am also not trying to get a commission since it is an off market deal and an investment for myself.

The $550 a month rent would be mine to keep since I would own both units.

@Anna Laud

Thank you so much for the feedback. I should have mentioned that pretty much now work needs to be done at the property. Also, I was looking to do a conventional loan with 3-5% down. When running the numbers that way my monthly expenses would be a lot lower just right out buying it from the seller vs doing the seller finance. The other unit is currently rented and will bring in $550 a month in income.

I have an opportunity to purchase 2 units. The seller likes the idea of doing seller financing. Since I be house hacking I would rather just purchase it from him since my monthly expenses would be lower. If I did end up doing seller finance, what costs am I expecting when I refinance the property for a longer fixed rate term? I know closing costs is one of them. Just trying be proactive and know all my solutions.

@Cayla Walker and @Hannah McBee! I am also a local real estate invest who is new to the game. It is always great to meet other people with the same goal. I would like to meet for coffee as well if that is okay with you.