All Forum Posts by: Marielle Walter

@Account Closed thanks for the feedback, but i am not referring to foreclosure. Brandon Turner talks in his books about a phenomena where if the value of your investment property drops, the bank could technically ask you for the difference (this is my understanding at least - and the clause had a name, i cannot remember). You are not aware of anything like this?

@Account Closed I have heard that if property values dip, banks can ask for the money back to make up the difference. Have you heard of this happening? I heard its not likely but possible. 

@Russell Spillers do you then have wholesalers you work with that you could connect me with? 

@Ron Singh unfortunately not yet....let me know if you have some luck!

@Peter Nikic those are quite grim numbers you lay out. I wouldnt estimate quite as steep numbers as you have in some areas, for example, propeorty tax is 5,000, (and also expect to have renters pay at least part of their utilities). I am curious what market you invest in that you see better margins according to your numbers? 

@Michael Noto that is super helpful. I'll consider the yale shuttle. I would assume if within half mile of Yale wouldnt need a shuttle but perhaps its a very large campus (or students dont like to walk :). But ill make that a condition of purchase if i look further out. 

@Jacob Pereira i just reached out! 

@Michael Noto the 3 bedroom units are going for $1500 each and the 2 bedroom 1200. the crime map shows it is a safe area, half a mile from Yale. These renters would not be students? What type of renters do you imagine? Either way the cash flow seems strong? 

@Cameron Norfleet apologies prospect hill (historic district). I am happy to message you an example :)

I am interested in purchasing buy and hold multi-family property to rent to Yale students. I am seeing that in prospect heights for example, it looks like one can buy a multi fam (3 units for example) for around 250 k or so and make over 1000 per month per unit (2 beds for example). It seems too good to be true to make around $4,000 per month of a 250,000 or even 300,000 property. Is the cash flow really that good in New Haven, or am i missing something? I see a lot of pre-foreclosures in that area.