Purchase price: $255,000 Cash invested: $51,000 6 bed 3 bath student rental steps away from University

Purchase price: $255,000 Cash invested: $51,000 6 bed 3 bath student rental steps away from University

I've been looking at 2-3br apartments, condos, and townhomes in the Mira Mesa/Sorrento Valley/La Jolla university area where I could have renters living with me in the other bedrooms.

The local property would be next to a university and be targeted towards college students of which I would know one that would live there for the first 1-2 years.Local - Self Manage•$170k purchase price•20% down - $34k•$1,750 rent•5 bd 3 ba•Cash Flow - $425/mo•College Student Renters•Dependent on start of school year•$1,200 cash flow after payoffOut of State - Use PM•$85k purchase price - Buy two properties within 6 months•20% down - $34k•$950 rent each ($1900 total)•3bd 1 ba•Cash Flow - $190/mo ($380 total)•Family rental•Can be rented any time•$1,200 cash flow after payoff

Research Bagley,University District,Morningside,University District,Jefferson Chalmers

Purchase price: $123,000 Cash invested: $10,000 2/1 Duplex located near the local University & HospitalSide A: $800 (12 month lease)Side B: $1000 (3 month lease renewed for all of 2019)Expenses: $800 PITI, 20% vacancy, repairs etc.Monthly Income: $800 What made you interested in investing in this type of deal?

I'm a full-time student studying for a master's in Cybersecurity at Utah Valley University.

My wife and I have one property in south nashville, but she works at Cumberland University in Lebanon and we've thought about investing out there.

It is a 6 unit (2bedroom 1bathroom per unit) Apartment building that is literally 50 ft from a university campus.

Knoxville has a built in clientele with students that want to live near the University.