All Forum Posts by: Tyler Watts

Visiting multiple (schools) markets in Georgia to determine student housing opportunities. Currently visiting 6 schools at the end of this month. Can potentially do more if there is an opportunity.

1. Georgia Gwinnett College

2. Univ. of GA (Athens)

3.Columbus State

4.Clayton College

5.Middle GA State

6.GA Southern Armstrong

If any agents or property managers or investors would like to meet, PM me and happy to set up a time to discuss opportunities. We are a student housing investment company that is looking for:

1. Existing Assets (value add)

2. Redevelopment opportunities

3. Vacant land (new construction)

@Sachin Bhat sent you a DM

@John Thoma

Sent you a DM

@Pat Motley just sent you a message

^ What Matthew said. Local Engineer is typically connected politically. Sometimes the real estate agent has connections with the council. At the end of the day you need a good story to tell to the council. 

Each bank is different. Your conservative banks will push back on LTV (basically come in at a lower number) and "claim" your in a commericial setting, but in all reality it's their standards and what they believe is commercial.

I would recommend reaching out to a local bank that you may live near or a local bank near the property. Your bigger banks that are in multiple states will likely be more conservative vs. the local guys. If you have plans to scale beyond this deal, then it's crucial to network to the local banks. Their LTV/LTC will be higher and they will likely want to scale with you where the bigger banks will likely cap you off. 70% LTV is just simply too low unless. If you can't get higher, look to a partner that has more experience than you or someone with net worth that will make the bank feel more comfortable about a higher LTV. They "can" go to 85% LTV. It's not going to come easy, but if you have the right group of people with experience and net worth, it's very achievable. You may have to give some equity, but the network you will build and knowledge you will gain will outweigh the equity portion in my opinion.

I learned this the hard way, but eventually did find a local bank and plan to re-fi everything I have with them this year. Again, I don't know your end goal, but if it's to find more deals then find the bank that st hungry like you are. The less money you have to bring, the more deals you can take down!

In NC, anything over $30,000 you will need to pull permits which requires a GC license. Talk with the town planning department and they can guide you. 

@Nathan Beach DM'd you. thanks!

Visiting 5 schools in TN in January, and wanted to see if any brokers/realtors that concentrate on student housing were open to meet. I have some times open and looking to fill them.

 Anyone that can recommend a broker/realtor feel free to tag them or DM me. Investment group looking to explore opportunities regarding existing assets/redevelopment/ground up construction focused on student rentals.

Schools Visiting:

East Tennessee State

University of Tennessee

University of Tennessee @ Chattanooga

Middle Tennessee State 

University of Tennessee @ Martin

thanks!

If still available please email info to [email protected]