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3 October 2016 | 6 replies
the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.
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30 November 2019 | 8 replies
It's great to have the construction knowledge that you have built in your profession.
5 October 2016 | 20 replies
However, the people moving to the community without ties are teachers (we had a bunch retire these last few years), an attorney, medical professional, mechanic, manager of assisted living facility, restaurant owner, carpenter, etc. on top of those other professions.
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28 September 2016 | 1 reply
In my particular case I am an 18 year old student in St.
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30 September 2016 | 8 replies
No student debt.
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29 September 2016 | 2 replies
3) Would you say basic relatively cheap and quick projects listed above give your listing an extra edge on the market and fetch a higher price.4) Would you recommend a established reliable service like this to your future clients. 5) Do you use a third party to take profession pictures or even UAV (drone) images/Videos of houses/properties you are selling.I am a General Contractor.
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10 October 2016 | 21 replies
I have no debt (car paid off, no credit card debt, no student loan debt) and pay no mortgage on my current home, so the $3k is unburdened cash.
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29 September 2016 | 4 replies
I put myself through a Bachelor's in Computer Science at James Madison University and still have the $60k in student debt to prove it!
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6 October 2016 | 10 replies
:1)Find an investor who would double as a source of money for down payment and a cosigner2)Use an FHA loan (3.5% down if I live in a unit) to buy a quad-plex3)Use the 203k aspect of the loan to improve the quad-plex and force appreciation in the property4)Refinance in a year or two to a regular loan and pull equity out to either pay off my outside investor or use equity for another down payment on another quad-plex5)Repeat With this plan, I believe I will be able to cash flow from day one because I will be able to rent out three units to college students around campus who are willing to pay higher rents than most.
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29 September 2016 | 2 replies
Hello BiggerPockets!My name is Bradley Cumming, and I am a freshman at the University of Northern Colorado in Greeley.My buddies and I are looking to start-up a real estate investment company that initially focuses on...