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Updated over 5 years ago on . Most recent reply

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Aaron Furr
  • New to Real Estate
  • Wilmington, NC
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11
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[Calc Review] Help me analyze this deal

Aaron Furr
  • New to Real Estate
  • Wilmington, NC
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

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Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
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258
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Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
Replied

Hi @Aaron Furr, I read your blog article and the deal analysis.  Have you considered Section 8 housing?  You'd have similar drawbacks in terms of clientele, but at least the checks would be more regular.  More info here.

Also, consider finding a local property manager before you close on this deal, and ask them for their advice.  It'll be hard to find a PM who specializes in managing transitional housing, so it might make sense to start that process sooner rather than later, so you can be ready when you find that deal which makes you say "Heck yes".

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