All Forum Posts by: Ryan Thomson

Looking for a great cash-flowing investment in a high-demand, appreciating market. Student rentals in Colorado Springs are cash flowing $600-1200/month and offering a 9-12% cash on cash return. This is NET. After all expenses and management fees. After budgeting for expenses. Shoot me a note if you would like to talk, learn more, or take a tour of the neighborhood/houses.

See below for some information on the markets and some example projections.

UCCS market

UCCS is a 12,000 student college 3 miles from downtown Colorado Springs. With Colorado University at Boulder running out of land in which to grow, UCCS is predicted, by some, to be where the university system will continue its growth.

Rooms rent for $600-675

Colorado College (CC) Market

CC is located in downtown Colorado Springs. Recently CC knocked down some student housing in order to build a new hockey arena. This created a housing shortage on campus and Juniors, for the first time, are allowed to live off-campus. This has doubled the supply of students needing housing and we suspect supply will take a while to catch up.

The other benefit of CC investing is that the parents who send their kids to college at CC are some of the wealthiest in the nation. According to NY times 24% of the households make more than 630K/year in income. And according to the College Vine the median income for students’ families at CC is the richest in the country at 277k.

Bedrooms rent for $800-1000+ at CC

What you get with us

Our connections with students and university organizations. This provides us high-quality students to fill your rentals.

No effort on your part is needed to deal with the 50% turnover of college leasing, maintenance, parent communication, etc.

If any of this sounds interesting and you would like to learn more, send me a message or give me a call. 

713-502-9679

[email protected]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $260,000
Cash invested: $10,000

Contributors:
Mark Hirleman

House Hack with an airbnb. SFH with 4 bedrooms. Live in one. Rent the other three. Converted one of the garages into a studio kitchenette apartment by using a 20K personal loan. The airbnb nets me $1450 every month and the bedrooms rent for $1800 total. On a $1550 mortgage I am grossing $3250 on rent every month.

What made you interested in investing in this type of deal?

Cash flow and living for free. Snowballing this cash flow into my next house hack a year later.

How did you finance this deal?

I financed it with a conventional mortgage and then used a personal loan to convert the garage.

How did you add value to the deal?

I converted the garage into a studio apartment that makes me $1450 a month after paying all expenses and loan repayments.

What was the outcome?

Grossing $3450 in rent a month and living for free.

Lessons learned? Challenges?

Lessons: Building Plans and managing the conversion of a garage into a studio apartment.
Leveraging debt and other people's money to create cashflow with very little of your own investment.