All Forum Posts by: Mariana Pasin

@Jack V. Ospina

Hi Jack, Thank you for you reply!

What is your input in this kind of investment in Florida? Do you think Orlando is a good option since UCF is huge?

I lived there few years ago and I'm quiet familiar with the market/areas, but never invested, so don't know much of ROI and cash flow there.

I found a way to post under “General Real Estate Investment” and had re-posted in there. It got tricky to do it on the phone the first time. 

Thank you all for the replies 

Hello BP community,

On the idea of furnished rentals for students, which of these markets would work best: Houston, Austin or somewhere else? (Thought of Texas because long term rentals there are good as backup plan). Also, for this kind of rental, condos or SFH?

Looking to do individual leases per bedroom and include basic furniture and home itens.

Any suggestion on regulations or things to look out for will be appreciated!

Thank you all! 

@Luke Carl

Yes, I saw that, but there is nothing on “furnished” or “student” categories. Because the leases are for 6 months, ST rental was the closest option.... :(

@Peter M.

Thank you for your response Peter! 

I wanted furnished to get an edge on competition, and yes, I would have the leyco-signed by the parents. 

Are you Texas? What is your opinion on Houston and Austin for this kinda of business? 

@Raul R. 

Thank you for your reply!

Does CLT means Charlotte, NC? 

Also, are you in NYC and invest there? If yes, any suggestions on this kind of long distance strategy? 

And lastly, why did you chose a 4bed/4 bath condo and not a house? 

Thanks again!!!

Hello BP community,

On the idea of furnished rentals for students, which of these markets would work best: Houston, Austin or somewhere else? (Thought of Texas because long term rentals there are good as backup plan). Also, for this kind of rental, condos or SFH?

Looking to do individual leases per bedroom and include basic furniture and home itens.

Any suggestion on regulations or things to look out for will be appreciated! 

Thank you all! 

Hello BP community, On the idea of furnished rentals for students, which of these markets would work best: Houston, Austin or somewhere else? (Thought of Texas because long term rentals there are good as backup plan). Also, for this kind of rental, condos or SFH? Looking to do individual leases per bedroom and include basic furniture and home itens. Any suggestion on regulations or things to look out for will be appreciated!

@Bob Okenwa

Hi Bob!

Thank you so much for your reply.

I will look for a realtor to help me finding homes in the area that are in good condition. Being out-of-state makes it hard to manage renovations.

Thank you! 

Originally posted by @Larry Fried:

@Mariana Pasin What Bob said is consistent with what I understand about that market.  You won't find a turnkey company in your area just because the numbers don't work.  You have to look to markets with better rent/price ratios.  That's what I started doing back in 2012 when I started with turnkey.  Look Midwest & southeast.  But make sure you visit the area and meet those you are considering working with.  Turnkey companies are plentiful in these areas, but the really good ones are much harder to identify.

 Thank you Larry! 

It seems that you guys knew something I didn’t! Lol

In what markets do you work with turnkey properties?

As my first investment, I would like to have a move-in ready home to get some experience with the process. 

Any suggestions?