What are your next steps on this property? What will you do next?
Thanks, Will! I plan to hold it as a part of my portfolio for the next couple years. I am actively growing and improving my properties along the way. Hoping to sell the entire portfolio to a big buyer and 1031 into a triple net commercial property or possibly some high-end short term rentals.
Hey Michael! I have been in this market for the last 5 years and almost all of my properties are rented by students. With the exception of properties that are under active rehabs, I have never had a vacancy across 22 units. The homes here are very affordable too, which makes it a nice entry-level market.