The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

Unless this is strictly a student housing for IU play you would want to be extremely hands on to make this work in my opinion.

That’s a smart play, especially with the kind of turnkey product you’re offering.As for our 40-100 unit deals, we’re looking at a mix of syndication and private money for financing.

Thats going to play a big role in your options i think

If we were heading for a crash, prices wouldn’t be holding steady like that.Now, let me tell you from my own experience—I own 32 properties, and here’s how things have played out:15 have dropped about 20% in value (mostly in areas where demand cooled off).10 have stayed flat, meaning no loss or gain.7 have actually gone up in price, which proves that not everything is crashing—some pockets are still appreciating.And I don’t touch condos.

However, I feel like the revenue has been great even though we bought it “for them” it could be a great long term play by keeping it and having them live elsewhere.  

With our expanding population and job growth our appreciation play is very strong here in Columbus OH. 

@Marko BukvaI'm not entirely clear on the plan and ownership, but there are potentially several different types of tax at play for a transaction like you're discussing - gift taxes, estate tax, income tax, property tax, documentary transfer tax, etc. 

That doesn't bother me, as I am playing the long game.I could easily sell the rest right now and make a handsome profit, but then my income is gone and I have to replace it.

I'm also finding that a single large repair can wipe out a whole year of income, making me wonder if cheaper cashflowing properties is the right play.