
20 May 2024 | 0 replies
What made you interested in investing in this type of deal?

24 May 2024 | 42 replies
A 1% rent-to-value ratio seems like a pipe dream as properties are operating at half a percent or worse, mirroring markets like Hawaii and California. 100% agreed mate,Much harder nowadays.Got to dig more and role up the sleeves.I've always believed the deals are out there if one looks hard enough.Just negotiating on to probates as I type this.$120,000 - $140,000 ARV'sTrying to pick up for $50,000 each.Decent condition and might need $20,000 cosmetic.Rent $1,500 - $1,700.Granted, I have the luxury of market knowledge, cash to close, remote workers and solid lists.Definitely not falling of tree's like 10+ years ago but still plenty of deals to be had.$1m in cash and someone that is willing to work the market hard for 2-3 years can retire off the income if investing in the Midwest.Just my opinion 🙏

20 May 2024 | 4 replies
It depends what market you are in and how competitive it is, as well as what type of property you are buying?
20 May 2024 | 5 replies
You just need start again and figure out what types of investments interest you... whether it be rental properties, buying mortgage notes, etc.

20 May 2024 | 13 replies
This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.

18 May 2024 | 12 replies
Keep in mind, rates will tend to run a little higher with these types of loans.

21 May 2024 | 4 replies
-The thing I am undecided on is what type of property to buy.

19 May 2024 | 25 replies
By documenting with a detailed logbook and performing all of the labor myself (e.g.: handling bookings, cleanings between clients) I can show that I have passed one of the required material participation tests ('Activity that constituted all participation substantially').§ 1.469-1T(ii) Exceptions.

19 May 2024 | 9 replies
I have a rental property so extra documents included things like leases, proof of no HOA on the rental property, etc.