Abraham Berkowitz
Fix & Flip and BRRR in the Scranton area
6 December 2024 | 12 replies
I am currently invested close the Marywood University where I do have a combination of family and student tenants.
Qwee Parker
Student loans factored into DTI?
24 November 2024 | 2 replies
I recently went back to school and racked up student loans onto my already high balance.
Sushil Iyer
Estimating expenses post-purchase
4 December 2024 | 4 replies
If you have a 6 bedroom in an area that does not have a university (students looking for shared space) or is in a family friendly place it may sit vacant longer between tenants.For Capex, try not to use a generic number - look at the roof, furnace, hot water tank, kitchen - when will each need to be done and what will it cost?
Janani Rangaraj
Duplexes in college town of Fort Valley
4 December 2024 | 0 replies
They could positive cashflow and i believe there should be good rental demand from student population but i am not sure about the scope of appreciation in the area.
Brady Pretzlaff
First House Hack Questions
4 December 2024 | 3 replies
I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
Lisa Fondant
Jerry Norton programs ($10k finder fee - Powerflipper)
10 December 2024 | 104 replies
Lisa Fondant plenty on the internet including his rebuttal video and pictures of his students holding up 8700 and 10,000 jumbo checks...
Chris Blackburn
Student Housing....
4 December 2024 | 3 replies
I am part of an investor group. We are putting a project on the market. My realtor is just using Real Capital Markets, for ALL the marketing. (this is a $30M project) and does not want to use Costar or Loopnet.This ...
Candy Kimbro
How to get a second place for my college age kids!
5 December 2024 | 4 replies
We've got a few homes near campus we use as student rentals and they certainly perform well.
Charlie Cameron
Assisted Living Investing Q&A!
7 December 2024 | 11 replies
Anyway, I’m still a student in many ways, but I’m studying, investing in, and educating on residential assisted living full time.