Based on my income, I’m unable to afford a multifamily property, and the deals I’ve come across haven’t been particularly attractive.My brother, who earns $90K a year, is willing to co-sign with me, but his $100K in student loans doesn’t really improve our pre-approval prospects.

Purchase price: $600,000 Cash invested: $100,000 Conversion of low income to workforce/ student housing.

The way that I set up my coaching program helped around 80 to 90% of my coaching students buy real estate and increase their net worth by between $30,000 and $500,000 during the year that I coached them.I tried to make the coaching program really affordable and based on psychological principles of motivation.

This attracts a lot of students and employees that make the commute from Cedar Rapids.I hope this was helpful!

In my small city (70,000 or so) we have a university with about 20,000 students with a nursing school, hospital, and obviously several mid size employers that I’m sure have people travel into this area for business purposes.  

They can ask you to serve notice so one unit (or both) are vacant at the time of possession, but if you agree to that make sure you have a large deposit and some of that is not refundable if the buyer backs out as you will need it to cover the lost rent.

Hi all,Looking to get a property in Texas for investment purposes and know the demand for college students.

Primary targets are located in cities (100k+) with positive population growth over the past five years; possessing easily identifiable macroeconomics. 

Hi @Becky Swenson,Yes, you can use a DSCR loan to finance student housing.

I would like coverage starting from the time I take possession, during renovation and up until the time it sells.