All Forum Posts by: Account Closed

@Chris Seveney Thank you for responding to my question. I did take a look at the page you sent the link for. I have read an older version pdf of the info on there. It is valuable though. 

I will reach out to

@Russell Brazil for more FC specific info.

Thanks!

Would greatly appreciate anyone willing to share their lease they use for new tenants and any applicable addendums. I have one that isn't geared to tenant- PM. Only one geared toward tenant-owner. Please feel free to DM me if you prefer. Thank you.

 @Kory Denny 

Hello again! Glad to get your Raleigh expertise (as well as Wilmington).

That's great on the tips for finding potential student renters. My son is an engineering student who has very responsible studious friends at State.  I know about having to commit so early to finding something off-campus. They basically have to have it wrapped up in February/March. If I can't find something to invest in by next spring I can send him your way or @Tiffany Alexy way to acquire a rental for his Sr year.

@Tiffany Alexy Thank you so much for all your valuable insight! Congratulations on the start that you got there In hacking! I would've liked to have been able to see my son do that this coming year since he's a junior at NCSU but unfortunately he's committed to valentine commons for the year. Glad to know you found a creative solution to increase reserves. Could you explain to me about the problem with getting financing since it's investor owned? Again, I really appreciate your assistance and I am interested in connecting with you about other potential Wolfline NCSU student rentals.

@Andrew S. Thank you for your advice. It is valuable to me since I am out-of-state. Needless to say my son doesn't share the same vision; yet!

The agent said the following:

HOA is $215/month. Includes garbage pick and maintaining grounds and exterior maintenance

I don't believe it's extremely close to a wolf line stop but will double check

HOA seems a little high for me. What do you think from your experience?

@Brian Pendergraft Thank you very much for your insightful answer. I do appreciate it since I need all the pointers I can get.

@James Triano Thank you for this link. I will see about finding a Maryland attorney to get this wrapped up.

 @Greg Downey  Wasn't really ready to pull the trigger yet. But this came up on the radar. It doesn't appear to be right on or very near the university transportation system. Students would need a car. 

So maybe that's why the rooms are only going for $450. We currently pay $700 for my son's much smaller apt bedrm, But its closer to campus. i'm waiting on information from my son who is currently at work who did look into this community prior to renting the other one. He says he has friends who live there.

 I'm a brand new investor looking to acquire a condo near the university that my son attends. I found one that's at 4/4. I am currently Inquiring about more information on it. It appears that each room rents for $450. They are asking 139 for the unit. Pretty much a turnkey unit. The only problem is most students have their housing set by this time of year.

While I gather more information I'd like to know what sort of creative financing can be done to not lose out on this property? 

Any professional advice would be appreciated. Thank you.

Just started with brokerage as their PM. Need pro advice on what business entity I should establish? Leaning towards Multi-member LLC.

When I do start investing would I need a different entity or could I run that business under this one? Thank you!