All Forum Posts by: Jon New

What are peoples thoughts, or ROI standards for rental properties on college campuses. I know when I was in college we paid a fortune in rent, were minimally concerned with minor issues, but in turn were hard on the property. I know rent can be higher around campuses but wanted to see if someone had a standard they used to determine if a property was valued correct. I have heard rent times 8-10 (so if rent is 2,000/ month or 24,000/year the property value would be between 192k and 240k). While this seems to make sense, does anyone have a more detailed concept they use? Specifically one that takes into account the higher risk or young tenants and increased wear and tear on the property.

Thanks in Advance!

Jon

Well mainly what are the Fannie Mae and Freddie Mac requirements for loan approval. Does the loan officer prepare the documents for the underwriter to make an approval?

I was hoping someone out here would be able to provide some insight on just exactly how the process of getting a loan approved and underwritten works. Seems as though the standards aren't always the same. Any insight would be appreciated!

Thanks