Since COVID, the demand for cash actually increased, so this is a recession resistant play.

Fixing up a property and turning it into student housing is a smart move—steady demand and solid rental income.Great job!

@Alex Silangyes, i will buy - but only to BRRRR, or on seller financeand only if the numbers workmade 2 offers toward the end of last year on potential BRRRRs and got outbid. 

Since we're In a college town, a majority of our travel demand revolves around the Texas A&M University and the university's events.

I am not in the flipping market but I handle multifamily transactions for buyers and sellers who are very transactional.

The company lists single family homes in certain targeted markets and, through their “knowledgeable investment counselors,” put sellers (the owners of the various properties) and buyers (who they educate, prepare and counsel) together and in the process Norada Real Estate Investment receives a marketing fee.

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.

I have NEVER seen a pro forma statement put together by a seller or broker that 1.

I've been focused on seller finance the last year.

Sellers rarely mind the low deposit and extended closing period due to the nature of the property, or at least they can be made aware of the fact that their lot has issues that will take MY time and MY money to solve and then they come around.My terms on the flip are: Minimum 10K spread between purchase and flip value.  1-2K deposit upfront to hold the property for 7 days then the deposit becomes non-refundable after the 7th day and the buyer has the same amount of time that I originally negotiated with seller typically 8-12 months(its a purchase contract but because of contingencies its essentially an option).