All Forum Posts by: Bleau Deckerd

I am looking for a sample lease for a student rental I am building in Cape Girardeau Missouri.  I would like the tenants and their parents to both sign.  Any assistance is appreciated.  

We are making progress on our newest Build to Rent Property in Cape Girardeau Missouri. This student rental will be available in the Spring of 2021. 
we are putting our new twist on the BRRRR

We: Find a Property, Tear of Down, Build New, Rent it, Refinance It, Repeat

FTBRRR

David: We should meet up as well. I am in the process of starting an REI Meet Up in the Cape area. Let's get together and see what we can accomplish!

Hi Michael!  Great to connect with you.  I am in the Cape Girardeau area as well.  I do a little of everything, including: spec building, custom builds, multi family, and student rentals.  I am trying to get more involved in new construction build to rent.  Shoot me a message and maybe we can share cell numbers and meet up.  

Thank you!  I will check all of these out.  I am somewhat familiar with Quickbooks, but wanted some alternatives just in case.  

Hi All! I am looking for the right program to begin keeping track of expenditures and receipts. Currently we have a custom home/spec home business and we just purchased a few rentals which will give us another LLC to manage. I would like a program that allows us to manage the finances for multiple businesses. The important factor is I want something that allows me to take pictures of receipts and then send them to the program through an app so I don't have to keep track of the paper copy. The #1 important factor is it needs to be user friendly. Any help and advice is appreciated.

I am a real estate investor in Cape Girardeau, Missouri.  Up til now, I was mainly doing new construction customs and specs.  We purchased our first multi family last March and I am looking to get more into single families in the Cape Girardeau area with an emphasis on student rentals.  I am looking for anyone in the Cape Girardeau area to network with and get this journey going!  

Scott:  Ask me in about a year.  LOL.  We just closed on our 11 unit last week.  Our building is actually located in Jackson, Missouri, which as you probably know is a sister city of Cape Girardeau.  All 11 units are 1 bedroom, so we are geared more towards working class or single/elderly.  I would classify our building as a C- building right now.  We have a little work to do.  

I do think there is some potential in Cape Girardeau and I am looking that direction myself.  However, I think the apartments for students is a pretty saturated market.  I am going to look more towards 3-5 bedroom single families.  

Let me know if you get more serious about Cape. We are in the process of getting a group together for monthly meetings.  

Makes a lot of sense. Thanks for the feedback. I've been concentrating on figuring out what areas of Cape to concentrate on prior to pulling the trigger on something. Just out of curiosity, on your first baseball house, were you able to do the BRRRR plan?

Adam.  Thanks for your reply.  I do understand the 1% rule.  However, I was curious if anyone has had any success with any single families where the 1% rule does not quite work out.  For instance, there are several houses in our area listed between $100k and $120k that would rent for around $900.