I transitioned to student housing in 2012 and joined a startup that focused on campus adjacent (but university unaffiliated) luxury student housing across the United States. 

BP Universe, Is there ever a way for a lender to use the rental income to determine a loan amount rather than an appraised value?

I have a rental property in the 3rd Ward area of Houston (close to downtown Houston & University if Houston) that I am open to buyers/investors. 

Recap: Mortgage $103k with ChaseOwner wants to pocket $16kEstimated $25-30k rehabSeller open to Owner finance and other strategiesMy wholesale fee $10kRealtor estimate: ARV $173KB neighborhoodVintages homes1 mile from Cooper-Young District in Memphis1 mile from University Of Memphis Football Stadium 2 miles from downtown Memphis and FedEx Forum

Hello BP Universe! 

Specifically we like the area surrounding Lehigh University in South Bethlehem which seems attractive from an investment standpoint. 

Now will I mention the crime, drugs, unemployment, welfare, riff raff and general misery that is prevalent.Refineries, industrial plants, power plants, military bases, food processing facilities, shipyards, factories, distribution centers, university, etc. 

From what I hear, the city is definitely monitoring and shutting down STRs without permits, so make sure you do everything the right way.Also keep in mind that one of the primary draws for Knoxville is the university, so if you get too far from UT it may impact your bookings.If you need any recommendations for agents, contractors, banks or anything else feel free to hit me up. 

I was on my way to check out a neighborhood for a potential property and I happened to see all of the new development in the Sharpstown area surrounding Houston Baptist University.

I’m originally from Beloit, WI, work at the university in Whitewater, WI, and recently moved to Pecatonica, IL (outside Rockford, IL).