All Forum Posts by: Daniel R.

Coming from someone that works in a hospital, who here has dipped into the niche market of professional students near hospitals, etc?  My hospital always has droves of students in professional programs (MD, RN, therapy, pharmacy, etc).  Some of these students have one month or more "rotations," or learning blocks which they float site to site at various teaching areas their last year of school- hospitals, outpatient community offices, government facilities, etc.  For students that have graduated, they have longer commitments, or residencies, which are one year plus.  Any of you have experience diving into this niche market?  Aside from contacting schools directly, which could possibly be a conflict of interest, I was curious how these groups of students could be marketed to, as they would make for top notch tenants.  

From another newbie westsider, welcome Drew!

Thanks for the heads up!  Any specific threads/blog posts on here you recommend?  Regardless, I will take your advice and dive into these specifics you recommended

@Rick Klimek following as well!  Curious which local lenders may be good for these transactions.  Out of curiosity, which cities are you looking at?  

Curious to see what traction this thread may bring for 2018 to keep each other motivated!

Did anything ever come of this?  Whether or not something was posted on youtube, etc for us to view that have missed it

Curious to see what ways you guys do the math (and the pros/cons to spinning it either way) while doing lots of up front renovation on purchase of a home to prep it for tenants.  Doing very very basic numbers:  Lets say I purchase home X for $100,000 and put $25,000 into it to get it up to par.  Assuming rent is $1,000 a month shooting for the 1% rule, am I at 1% (1,000/100,000) or 0.8% (1,000/125,000).  Like I said, not sure whats better- to include the 25,000 as the purchase price, or to assume that is $25,000 in capex costs.  Thanks for your opinions!

also interested in a recorded/youtube version please!  :)

Hi Nate- Welcome to BP!  I am in the pharmacy field with you, and have been doing my own research on the BP community in addition to their podcast the last couple years.  I own my home on the west side, and have been looking for the right/time place to invest on this red hot west side market.  Keep in touch if you get a group together, and I'd be happy to meet up if you decide to do the monthly meetups with the rest of the Cleveland investors. 

I am also thinking about North Ridgeville, or possible Fairview Park.  For the Cleveland investors, what are your experiences in FV?  I was hoping that this area would attract higher quality tenants, and figured it would be a good place to start at even if higher property costs or taxes, although this wouldn't necessarily have better "numbers" compared to more affordable homes ie Parma or Brooklyn