All Forum Posts by: Axel Ragnarsson

Ousmane Sow Welcome to BP, I was 18 when I found the site and was in the same situation as you. Here we are three years later, and I finally have a property. Stick with it, getting started young is your biggest advantage.

"Where's the best place to find deals"

Hey @Jim Ehlinger, welcome to BP. I own/rent out a triplex in Chester, NH and am familiar with the area. If I can help you out in any way, let me know.

Advice from a college student who also invests: it depends on the school, the location of the rental in relation to the campus, and who you rent to. Is it located very close to campus at a state school? Good chance some parties will be thrown inside your rental. Did you rent it to three guys in a frat? Even better chance. While you generally receive more rent in a college rental and the return is better than elsewhere, there are risks. Just be smart about who you put in there (use your common sense). On a side note, expect higher vacancy costs because college students will typically only stay for one year and may randomly move out in the middle of a lease. Good luck!

Hey Vincent, welcome to BP. Let me know if you need anything, I'm also right here in NH.

Derreck Wells makes many good points. Essentially what you are doing is prioritizing your tenant's financial situation over your own, which is obviously not good. If the tenant is smart he will realize he had been paying well under market for many years and will understand the rent increase. Your not the "big bad landlord", your a business owner who needs to make a living. If the tenant does not understand that, then you know you need to find someone else. Just a quick point, if he/she does agree to the rent increase make sure you properly screen them to ensure that they can handle the rent increase. As Derreck said, you don't want a tenant who has been budgeting for a $1200 unit living in a $1600 unit.

@Derek Lovely

@Bradley Tetu @Robert Davis @Brandon Coutts @Nicholas Savery I would be open to that. Concord/Manchester would be the best locations for me. 

I've seen his posts on Instagram for as long as I can remember. He has a program where he partners up with Josh Altman from the Million Dollar Listing to provide a "complete guide to flipping houses YOU DONT OWN with no money down". He's talking about wholesaling, and I think he is selling this for $499, but he also has programs he sells for much more. ITS NOT WORTH IT. Everything he "teaches" can be found right on BP.

Hey Cody, I was going to say what John said above me. I think you might need to force realize a bit more equity in the property before you can really utilize it. That being said, congrats on the buy!