Correct, we can increase the rent every year, however, rent as long f mow is $825 and it was raised this past September.

You raise a very good question.

The general partnership has 500k left to raise (Approx 50% remaining) in a 506 (c) fund.

It only took $8,000 more towards the loan, $4,500 closing costs, minor work, raised rent, and self management to turn the 3.5% equity into 25% equity with the refinanced loan.

We’re raising to $2300 in March thinking $3,100 is wrong.

We live out of town and have no interest in raising horses ourselves.

I raised a red flag to the property manager due to these recurring expenses for fixing this or fixing that.

I have been raising funds for each deal paying my private investors 10%.I got great traction on my lending pool for the first 10 or so investors.

Nathan - there is a lot to learn and know when it comes to partnership deals, raising capital and the student housing space in general.

-TerryTerry- If you do not need to raise outside capital, buy good properties, hire the right management company a 100 unit property will only require a couple hours a week after closing.