All Forum Posts by: Jimmy C

Thank you for your reply.

I'm researching right now to learn how to spot potential deals.

Since it is located in the heart of a college town I see this as a good thing because of the demand for living off campus (very close to 3 universities, bus stop right in front of the house). Am I correct on my assumptions or are there many cons that come along investing in rental property in college towns? What else should I look for or look out for? I'm thinking the quality of tenants might not be as good? Thanks

M first time posting. I've lurked for a couple of days and would like for you to see if someone could analyze this deal for me. It's located in Florida

I'm looking into a quadraplex setup as 2/1 for each of the four units with 8 rooms total. It's within a mile of a state university and in very close proximities to a community college and another university. The asking price is $185,000. I am assuming rent will be about $325 per room because I'm familiar with that area from living there during my college years, therefore I've estimated that rent will be about $2600. If I apply the 2% rule, based on the rent I would need to purchase the property for $130,000 for it to be a deal worth looking at.

If I put in an offer of $130,000 I don't know how likely it is to be accepted. Is there a way to turn this into a profitable investment even if I do not get it for that price? Thanks