Skip to main content
No. of Recommendations: 0
Trick:
Here's the typical deal for me, one I'm just doing, and it doesn't really work out using the numbers Jim suggested a few weeks ago. But I'll be positive $100/month or so right out of the box, put some cash into my pocket and since I rent to grad students, there isn't a lot of turnover.


*shrug*. The deal looks OK to me. Usually student housing commands a premium because of low vacancies, and students are not usually too fussy, so you can fix 'em up cheap. Grad students are among the best tenants, IMO.

By the time you factor in your remodel costs, your GRM is a bit high, but again given the clients that is probably OK. And, of course, you walk from the table with money in your pocket.

I would do a deal like that. In fact, I have done deals like that.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.