How do we get a copy of your magic lease? Love sections 14, 15, and 29.
I’m working on a 50 unit project and would like to have my lawyer look it over and tweak it as needed to meet our state & local laws & fair housing stuff.
Hey Doug,
I am a rookie in this industry and by exposing this, I have found the way out. I have no start capital and and have less than average credit. I would like to find out how to get OPM based on my status. Could you help me with that? Also, I would like to chat with ya!
How would I be able to get not only the lease aggreement but also your program.
Both my wife and I went through the RER classes here in Phila. That is how we found you through another person Bill Jur. We have tried and tried investing in properties but each time something comes up. The most common is money, the banks are really tight because of the economy. I have about $7000.00 of my own to invest. But our main obsticle are the banks and yes we do have good credit over 720.
As we speak my wife is going out again today to look at 2 properties in and around Temple college.
Any help would be greatly appreciated as we are very frustrated.
Hey Doug,
All this sounds good but it’s not good for me if I don’t know how to purchase the System. Please tell me how to Purchase this sytem so I can start making money too.
Thanks,
Diamond
Doug, great videos sir. I am very interested in how to get started. I too have had very little success in the normal rental market. How do you target the motivated sellers in this market?
I want to get started right away! Problem is I don’t know how to get your system or course to get the Lease and the other great info you have told us about. When will something be released that we can buy or sign up for?
So far I have NOT wasted my time listening to the informative videos….let’s wait and see after you unveil the program costs. Hope you will accomodate everyone’s budget (payment plans, or reimbursements after first deal, or even 100% iron clad 90-day money back guarantee). Every r.e. programs works for the right person, it’s a small %.
Doug,
Pls let me know how to get a copy of your magic lease. We rented one of our houses to five college students years ago. They paid on time, never have any problems, the house was kept clean and nicely. I would like to rent to students again, again and again. My son is renting a big house with his college schoolmates. The rent is $3,500/mo. If the landlord rent the same house to non college students the top rent he can ask is probably less than $2,000. What a big difference!!!!
Thanks for sharing.
These are all great information. Are you going to give us leads on what property management to use and that online system you use to see your rents, etc? Thanks! Maria
How do I get this system and how much will it cost me? How do I get the Magic Lease? This sounds great but the devils in the details. I was tempted to buy into student housing when my son was in college. A company was offering packages to investors to purchase the newly constructed units in that college town. I wanted to do it but couldn’t convince my wife at the time. I’m struggling to build a business in short sale investing now and spent quite a bit of money for coaching and partnership. Please tell me that I don’t have to give up an arm and a leg to be able to do this. You sound very sincere and obviously very intelligent. Now let’s see if you will share your knowledge to help us or just another guru peddling a home study course.
Thanks for the inspiration if nothing else! I know there is a perfect business for me and this may just be the one (short sales too of course).
Thanks.
Jack Harrell
Want to know more. Would love to chat with you. I have 1 house now in a college town, but want to do more. I have been lucky. Same tenant for 1 1/2 yrs and she doesn’t plan on moving.
Hi Doug, I’d love to hear how you make initial contact with all your parents, guardians, etc., and the actual follow-through. OOOOH, and about that lease………..
This sounds great,but as others have stated before me ,getting financing for properties or refinancing is difficult to impossible even with good credit.
Hey Doug, you are the Man! i would like to know if i can have a copy of your “Magic Lease.” Also, would you like to partenr with me on a project in Miami, Florida? Just I would ask! However, this is still great stuff.
I agree that when you get parents to co-sign for the lease you have a much better chance to get paid,however is it not a bit of a problem to get the parents to co-sign?
Love it. Looking forward to your next Funding video. Is this going to be a patner or membership program? I ve been doing short sales and have been looking for a way to hold some of the properties rather than quick sell. So, I’m very interested in your upstart strategies.
Doug,
I just want to thank you for giving us just a glimps of what your program is all about! I pray the guaranteed funding is all you say it’s cracked up to be…it would be what every real estate investor needs. No matter what aspect of R.E. investing they are doing… Keep true to yourself Doug…I like your vibe. Hope your program is affordable…alot of us are on shoe string budgets lol
I would like to get a copy of the lease as well to have it checked out and tweaked for my state as well. Please contact me at mandbinvestmentproperties@gmail.com so I can discuss this further with you.
I am interested in this program. Can you send me more details. Ironically, I am fulltime substitute teacher in NJ and am looking to become a real estate investor. Do you suggest one should live near these properties they own or can I buy perhaps for instance in philadelphia-2 hours away.
All very interesting Doug. You’ve told us what you, and presumably what we should, do but where is the HOW TO find the deals? Paying full market price won’t work.
Doug, you are providing awesome content. very smooth marketing approach by wetting our appetites. I am sure you will let us know how we can start, however, would like to know how you fell about the NYC and surrounding area markets are being as that is where you were a teacher in your previous life?
Sounds great. Question. On lease if 6 students in house @ $500 month does that mean all 6 students are on the hook for $3000 so all have to pay $600 that month?. The funding is the greatest obstale I see unless you really have that set up. I’m sure all the techinque and how is there. Can’t wait to hear.
Great videos. Your master lease looks like it’s probably worth it’s weight in gold. My one concern about student housing is that the REAL rent killer is tenant turnover. I tried student rentals once and every year in May or July the students skipped out on their lease and I’d have to find new tenants. Sometimes with as many as 2 or 3 months of vacancy. Most of the students were great – took care of the property – but the vacancies hurt!
Would love a copy of your magic lease and the cost of your course-assuming that’s what you’ll be selling, then partnership and coaching fees-right? That’s what everyone else does, so I expect the same from you. Hope it’s not too expensive because I’m unemployed and a full-time student. Overall, I find your approach interesting and impressive and I’m looking forward to your next video.
Wow you rock…. I currently have a system in place that brings me an average of 10 to 20 new properties per month which are not encumbered by a mortgage.
I would love to have access to your system as it would enhance mine. Please let me know how I can have access to your material
1. Do you have apartments, houses or both?
2. Are all of the units near the colleges?
3. Are there housing regulations (college and municipality) that you must abide by?
Hi Doug. Great stuff in all the videos I’ve watched so far. You give actual info instead of just hype. We live very near a college town (actually 4 within 30 miles or so) and have given some thought to providing student housing, but, as you so aptly point out in your first video, we were scared off after viewing some housing already being used by students while we were searching for a property. I look forward to learning more, and to opening my mind to the possibilities presented by student housing. Thank you for the great work and for blazing an interesting trail. Cindy–Loveland, CO
Doug…I have seen the first three of your well produced vidios. I have to tell you that “Student Housing” is an awesome concept!!!!
I was one of those guys who tried wholesaling and like you, I had a lot of cashflow…Negative cashflow that is!
Doug, I may be jumping ahead some, but I was wondering if you partner deals from time to time?
Looking forward to working with you.
Regards,
Jack
YOUR LEASE IS BRILLIANT.
I AM VERY INTERESTED IN LEARNING HOW TO FUND
YOUR STUDENT HOUSING DEALS, WHICH IS A KEY
COMPONENT TO GETTING INTO THE PROPERTIES.
THANK YOU ONCE AGAIN FOR ALL YOUR INFORMATION
THAT YOU ARE SHARING WITH US NEWBIE’S TO STUDENT
HOUSING. I LOOK FORWARD TO LEARNING ABOUT GUARANTEED
FUNDING. THANK’S AGAIN, DOUG.
PEACE AND BLESSINGS,
MARC W. FARBER
310-552-1710 PST.
Well doug, you deffinitely got my attemtion. This sounds more and more interesting with each video, keep’em coming. I guess the main question on everybody’s mind is: How much are you charging for all this information?
Student housing and multi-family are great money makers.The magic lease protects the landlord and makes sure you get paid the rent.I hope this a low risk and high reward niche that can make you successfull and rich.
Doug, what is the length of the lease agreement in terms of time? Also, what about the summer months? Do you make them pay for 12 months even if the student isn’t there so they can keep the room for next Fall?
Thanks, Christal
Excellent! Very detailed. You are really in control and the Landlord. I would like to get your system and would like to know how much it costs. Great Idea! I wish I had thought about it.
Thank You For Shining A Light On Real Estate Investing.
Doug, great stuff! Comments/Questions: (1) Those lease provisions are intimidating enough to make many parent/co-signor’s pay all rent or damages upon demand. But, for those who don’t, have you, or anyone you know, succeeded in enforcing those Magic Lease provisions against a tenant’s parent/co-signor in local courts, especially in a situation where tenants broke the 12 mo. lease and left very early? I have observed that many local landlord/tenancy court or county level civil court judges will hesitate to enter judgments for much more than 2 mos. of rental arrears, despite what the lease agreement provides, on the basis that the landlord has a duty to mitigate his damages and find replacement tenants. (2) In your experience, if tenants break the lease and leave in the middle of a college semester, how difficult is it, and how long does it usually take, to find replacement tenants once the college semester has already begun and most students have already signed a 12 mo. lease somewhere?
Great video(s). Your teaching background really come through on your videos. I would like a copy of your lease as well. Look like you have covered everything possible in your lease. Thanks Doug.
Are you saying you can charge the tennants for foundation issues? What if a tree falls on the roof due to weather issues. You charge them for that? Sometimes there are issues that you cannot charge to your students
Hi Doug, Great video, love your “Magic Lease” and the contest. I have tried to search for “______
college rehab” in 8 cities on Craigslist, and so far not found any listed that way. I tried it with universities as well. Are there variations of the wording I need to try as well? Thanks much, I appreciate any help you have given and can give me.
Don, ___College Rehab is just 1 example. There’s a whole bunch you can search for…at the minimum just put the name of the college or university and you will get tons of deals and I’m sure some of them will be rehabs.
Oh, Boy!! Finding a motivated seller! What a novel concept! See, I learn something new everyday! Now that I’ve gotten that off my chest, explain that one to me Doug. I need something that works where I live(LI,NY). And the best you came up with is find a motivated seller.Good luck with that one. Unbelieveable. You almost had me going, except for that.The truth now,Doug: Are you an investor, or an information marketer? This re agent wants to know.
Doug,
Let’s be practical here. This is NOT my first barbeque – ok ?
Who in their RIGHT MIND would be willing to sign your “magic lease” with all those covenants when they can go find like property elsewhere without so many “gotchya’s” ?? Who would really sign the lease ??
They would be 100% crazy to sign in they are the parents since they are putting their arses on the line
for their son/daughter who are still at a young & irresponsible age and some roommates that they do not
know that well and therefore do not trust at all. Naturally, the student doesn’t care they have nothing to lose so go ahead and sue me…..there is nothing there. I just can not see the parents being wiling to sign such an agreement in this day and age knowing all the crap that happens out in the real world.
In fact, as the parents advisor I would tell them to walk away and find some other property that has
a more conventional type lease agreement.
I agreed with all of your info. up until now and actually felt funny about “falling into” agreement with you so fast. I knew there was a catch (there always is) because if it sounds too good to be true, many times it is.
Where can you obtain 100% financing with poor credit, no documentation and no money to pay for closing costs, is it possible to purchase property under these circumstances?
Great lease!….But I would never, never, never,sign that for my kid! I guess there are some stupid parents out there,but I agree that if they do sign, it looks Iron Clad. Look forward to more info from you.
Hi Doug,
Thank you for the information. I loved the information in the videos.
I am new to the real estate investor world. I recently lost my full time job and now working a part time job. I have a senior in high school and he is heading to the Air Force when he graduates.
I am looking for someway of making money without having to go back to a full time job.
I am excited about this because I can see a huge potential with this with all the college students looking for housing.
Here is what I found:
3 bdr/2.5 condo close to University of Indianapolis. Rehab work includes drywall, carpeting, kitchen cabinets and sinks in the bathrooms.
1) purchase price is $39.900
2) renovation costs is $15,000
3) After repair value is $87,600 (tax assessment, recently sold property in the area sold for $79,000)
4) Gross Monthly rent is $1,200 (low end)
5) cost to value ratio is 62.67%
6) cash flow cow rule is 2.19%
3 bdr/1 bath 1 mile from Indiana State University in Terre Haute.
1) purchase price is $14,000
2) renovation costs is $5,000
3) after repair value is $30,000
4) gross monthly rent is $900 (low-end)
5) cost to value ratio is 63.33%
6) cash flow cow rule is 4.74%
Great info. I would like to know how to get a copy of your lease. Also, would it be possible to email me your previous student houseing training videos #1 & #2. Thanks
You can find the rest of the Student Housing Tranining Videos on the right side of the Blog Underneath “Student Housing Training Series”. It’s located directly to the right of the Video you just watched.
Interesting series of training videos, but how do you get a copy of the Magic Lease? I would like to get a copy, and run it past our legal department, see if it needs tweaking to comply with local laws? Please send me a copy.
Thankyou
I’m a rookie in this industry but not in life. You are generating lots of interest but you are speaking in general. How can I find out how to do what you do and have the same results. Bad credit and no money to invest but tons of determination to make a better life for my family. Thank you for inspiring me.
I am interested in the Magic Lease. Also, I am really looking to get out of the rat race and always KNEW that real estate would be the vehicle. How can you assist?
How do I get started it sound like it a recession proof opportunity. ;My biggest mystery is getting funding. I have bought many course in the pass and never really got the help needed to move forward. What is your cost?? Thanks For Your Reply Jimmie
I am very interested in the Magic Lease, in regards to student housing. I live on Oahu and student housing is not readily available and the conditions are poor. I would love to change this, and maybe be a cool Auntie the kids could console in or find assistance. I am a retired nurse, with quite a bit of real estate experience, but costs are high here in Hawaii. Currently I am doing Short Sales and Loan Modifications.
Thank you for your program in advance,
Sincerely,
Lori Ellis
Hi Doug, enjoyed the info on your lease agreement, I have seen and used several, but nothing like this one. I too learned a good income flow from buying repo mobile homes and doing the repairs or selling before ever touching, and that was a great way, because it didn’t tie up a lot of money. Made some serious cash on deals. but as your dad, I lost as the tip of the real estate went south quickly 3 yrs. ago. But it was also cause I let my wife influence my decisions that winter. But that is all behind me now. God has been so good to make my life so blessed. And now I am looking at the options you suggest to make a great income and help a lot of other people while doing it.
Looking forward to hearing more and learning what your course or subjects cost.
Thanks, and even though you may never know all the people who look at your program now, it may impact theri lives down the road.
What if student does not have any parents. They have a trust account that was set up by their parents when they was living or the student is working their way to go to college?
Hello Doug!
This “Magic” Lease of yours is absolutely brilliant! I have a good sized folder of ‘Leases’ myself, and I can honestly say that I would throw out 99% of them to replace them with just 1 of your “Magic” Leases!!
This lease of yours will definitely simplify a lot of Investors’ businesses, and would probably create something like: “Super Simplified Management Teams. Half the cost of regular Management Teams. BUT, you must have experience with the ‘Magic’ Lease” : )
And, let’s not forget about all the newly ‘updated’ versions of Real Estate Investing Software that would have to be made to ‘go with’ this awesome “Magic” Lease! By the way, I’m dead serious about this!
Look at this, just by showing us this magical piece of paper, you may very well have created some new jobs at a time when they are needed DESPERATELY. Now, how GREAT is that?!
You are an AWESOME MAN! and I am going to thoroughly enjoy learning all you have to teach us about Student Housing Investing. (I’m in the Inland Empire area of So. California about 3 miles from Loma Linda Univ., 10 miles from UCR, 4 mi. from U of Phoenix and U of Redlands, not to mention UEI, ITT Tech, etc., etc., etc…. and the amount of Foreclosures and REO’s out here, both SFR’s and Comm. Apts, old Motels/Hotels are nearly off the charts!
Doug, THANK YOU for leaving the Classroom behind and THANK YOU, THANK YOU for becoming a teacher of REAL ESTATE INVESTING instead! Sincerely, Debbie Thompson
I’m not sure what comment you think got “removed” but as for parents not signing the lease because of how powerful it is, I did see it was asked a few times, so I will definitely answer that on my webinar on Wedneseday night….as well as MANY of the other questions people have asked.
It’s going to be a webinar you do NOT want to miss.
Doug, It is a great stuff. When I am going to access to ‘magic lease’. I know I have to pay for it. That is fine. But when? The clause in the ‘magic lease’ is really great. Keep going. I cann’t wait to see the next video. Thanks Doug.
seems so simple. thank you for sharing the information, i am looking forward to more videos. great doc too, seems like you covered all your bases. thanks again,
Gabriel
Sounds like a great program, but I do have a few questions.
Does the “magic Lease” work in Texas? Texas is very tenant friendly.
How are you protecting yourself from liablility from your tenants, or visitors to the property?
Who is taking care of the property while you are collecting the cashflow? Property management or what?
Look forward to more info and answers to my questions.
Hey Doug,
Great video #3. The Magic Lease is brilliant.
How do I get a copy and some help to get started?
Thanks,
Aaron
PS. Have you had any “real problems” c’mon now, no BS, with any parents or co-siigners and students…I mean “any”…?
Thanks for being brutally honest here.
Great information and you definitely have my interest peaked. However I am having a little trouble trying to crasp the concept that the parents of the students your are renting too, would agree to pay for another students rent or damages when it was not their child who could not pay or caused the damage. Can you please explain to me why these parents agree to sign your lease? As a parent I am not sure I would want to be responsible for someone else’s child or situation, especially when they are complete strangers. Look forward to learning more about the program! Thanks
I understand the concept about our economy being down, but also one must
understand that student enrollment is also down. That is why alot of students
are attending Comunity College or doing it on line and they are living at
home with their parents. So how one can say it is recession proof is a
little a little concerning to me, as past history of the Great Depression
has proven that their is no such thing as recession proof. Just my two cents
worth.
Hi Doug,
How many students to a room do you normally rent out?
I know the dorms have smaller rooms with 2 students each but am not sure how my rates should compare.
Understandably your article helped me terribly much in my college assignment. Hats off to you enter, wish look progressive for the duration of more related articles soon as its united of my pet topic to read.
Dear Doug,
I do live in a college town. I have never done a RE deal in my life. I am
desperately interested in being trained to implement your Student Housing
Training Program. What seems so incredible to me is the information you
have provided in the 4 Videos! I find this unfathomable!. How do I qualify
to become one of your “mentees?” I watched the videos in awe. I have
signed up for the Webinar coming up, but I will only be able to participate
in “listening mode.” I plan to listen intently on Wed. 03/24/2010. I sincerely
want to try out your Real Estate Strategies for acquiring Student Housing
Properties. I desire to be the winner of your scholarship, become trained, and
begin making money straight-a-way!
I posted a previous comment and after viewing all of the videos you said I should ask my biggest question.
As previously mentioned, I tried to find a property using your method with Craigs list and most, if not all of the properties I found had already been rehabbed and would not qualify using your system. In addition to houses I also found numerous condos, but they also had already been rehabbed. I live in the Chicago area and there are numerous colleges and universities. Why is it that I am not finding anything?
I’m not sure where you are finding your information about enrollments being down. All over the US enrollments are going through the roof and will continue to go that way for the next 10 years. Perhaps it is just the university that you looked into where it is going down and if that is the case I would obviously not invest there because there are PLENTY of universities with rapidly growing enrollment.
First off…congrats for taking action. Many people never do that. Second, using craigslist is just one simple way to find deals…quite honestly its really a very basic way to find deals but I choose that first because its something everyone can do. If you can’t find any rehabs on CL (which I’m a bit surprised about) then you can look in your local newspaper, go for stroll near the college or university and look for properties that need work. OR if you dont want to look for rehabs you can simply look for short sales, foreclosures etc. Those are just a few but the point is, don’t let one obstacle stop ya….keep moving forward. I am going to talk more about this and other solutions on the webinar on Wednesday night March 24th, at 9pm EST. “see ya” on the call.
What do you do on summer break? Do you stop shopping, waiting for the new school season to start? Do you just budget rent to float you through the summer?
1. Is there just a phone number to use also for the call vs. logging online.
I will be driving back from SFO at the time of the webinar and my partner will be in the airport terminal.
Hi Doug,
Deb here again. I live in Michigan the number 1 state of unemployment, I understand your passion for
Student Housing. I guess what I’m saying is mabe one has to go to a state that has not been effected
by the economy. So if you know of any states that have not been effected by todays economy, I’m open for suggestions.
So when you have the rental payment for say $2000.00 a month for the entire home. Do you break it down divided by how many tenants are living there or its up to them to figure out? Do you do all the prescreening or sub it out? Thanks…..this is awesome i would love a copy of that lease!
I am not a techie. Websites and software leave me flat. I am looking for a friendly computer and software to acclimate before encountering or struggling with another course. Please advise anything I can do or acquire today before the webinar tonight.
I must say that generally I am really impressed with this blog.After reading your post I can tell you are chuffed about your writing. Keep up the great work and I’ll return for more!Cheers!
I am wondering who is responsible for replacing a studen tenant should a student need to leave house or apartment mid-term. Is the property leased term to term or for a full school year or a full calendar year?
Are the tenants allowed to sub-lease a room with permission from the owner?
March 18th, 2010 at 6:09 AM
How do we get a copy of your magic lease? Love sections 14, 15, and 29.
I’m working on a 50 unit project and would like to have my lawyer look it over and tweak it as needed to meet our state & local laws & fair housing stuff.
March 18th, 2010 at 6:29 AM
Hey Doug,
I am a rookie in this industry and by exposing this, I have found the way out. I have no start capital and and have less than average credit. I would like to find out how to get OPM based on my status. Could you help me with that? Also, I would like to chat with ya!
-Val- Houston,TX
March 18th, 2010 at 7:28 AM
Great stuff so far, looking forward to the next video!
March 18th, 2010 at 12:23 PM
How would I be able to get not only the lease aggreement but also your program.
Both my wife and I went through the RER classes here in Phila. That is how we found you through another person Bill Jur. We have tried and tried investing in properties but each time something comes up. The most common is money, the banks are really tight because of the economy. I have about $7000.00 of my own to invest. But our main obsticle are the banks and yes we do have good credit over 720.
As we speak my wife is going out again today to look at 2 properties in and around Temple college.
Any help would be greatly appreciated as we are very frustrated.
Thank you Ron & Carol
March 18th, 2010 at 2:57 PM
stop teasing…How Much..I want In
March 18th, 2010 at 3:06 PM
You offer a course right? Would that be all online or do we come visit you in PA?
March 18th, 2010 at 4:26 PM
Looking forward to next video. Thanks for making them short, to the point but full of valuable information.
March 18th, 2010 at 4:42 PM
Hi Doug,
I live in a town with three large colleges. I could really use this program. How can I get in?
March 18th, 2010 at 5:04 PM
Hey Doug,
All this sounds good but it’s not good for me if I don’t know how to purchase the System. Please tell me how to Purchase this sytem so I can start making money too.
Thanks,
Diamond
March 18th, 2010 at 5:13 PM
Very tight lease conditions indeed. Adding co-signer’s credit reporting is valuable.
March 18th, 2010 at 5:17 PM
Great info! I live 2 hours from my state’s university and I live an hour from the community college. I would love to use this system!
March 18th, 2010 at 5:45 PM
I would like to get started, but have no idea how to do that. Help!!!!
March 18th, 2010 at 5:45 PM
Great Info…How much is your course?
March 18th, 2010 at 5:47 PM
I would like to get started, but have no idea how to do that. Help !!!
March 18th, 2010 at 6:00 PM
Great info I would like a copy of that lease agreement when available.
March 18th, 2010 at 6:12 PM
Great stuff! Keep me posted on future info and any courses you are selling! Thanks.
March 18th, 2010 at 7:22 PM
GIVE ME THIS LEASE… IVE BEEN BURNED SO MANY TIMES
March 18th, 2010 at 7:36 PM
Doug, great videos sir. I am very interested in how to get started. I too have had very little success in the normal rental market. How do you target the motivated sellers in this market?
March 18th, 2010 at 7:45 PM
Doug,
Pls
March 18th, 2010 at 7:46 PM
I want to get started right away! Problem is I don’t know how to get your system or course to get the Lease and the other great info you have told us about. When will something be released that we can buy or sign up for?
March 18th, 2010 at 7:49 PM
So far I have NOT wasted my time listening to the informative videos….let’s wait and see after you unveil the program costs. Hope you will accomodate everyone’s budget (payment plans, or reimbursements after first deal, or even 100% iron clad 90-day money back guarantee). Every r.e. programs works for the right person, it’s a small %.
March 18th, 2010 at 7:53 PM
Doug,
Pls let me know how to get a copy of your magic lease. We rented one of our houses to five college students years ago. They paid on time, never have any problems, the house was kept clean and nicely. I would like to rent to students again, again and again. My son is renting a big house with his college schoolmates. The rent is $3,500/mo. If the landlord rent the same house to non college students the top rent he can ask is probably less than $2,000. What a big difference!!!!
Thanks for sharing.
March 18th, 2010 at 7:55 PM
These are all great information. Are you going to give us leads on what property management to use and that online system you use to see your rents, etc? Thanks! Maria
March 18th, 2010 at 7:56 PM
How do I get this system and how much will it cost me? How do I get the Magic Lease? This sounds great but the devils in the details. I was tempted to buy into student housing when my son was in college. A company was offering packages to investors to purchase the newly constructed units in that college town. I wanted to do it but couldn’t convince my wife at the time. I’m struggling to build a business in short sale investing now and spent quite a bit of money for coaching and partnership. Please tell me that I don’t have to give up an arm and a leg to be able to do this. You sound very sincere and obviously very intelligent. Now let’s see if you will share your knowledge to help us or just another guru peddling a home study course.
Thanks for the inspiration if nothing else! I know there is a perfect business for me and this may just be the one (short sales too of course).
Thanks.
Jack Harrell
March 18th, 2010 at 7:57 PM
Want to know more. Would love to chat with you. I have 1 house now in a college town, but want to do more. I have been lucky. Same tenant for 1 1/2 yrs and she doesn’t plan on moving.
Want to find out more…..
March 18th, 2010 at 8:02 PM
Hi Doug, I’d love to hear how you make initial contact with all your parents, guardians, etc., and the actual follow-through. OOOOH, and about that lease………..
March 18th, 2010 at 8:07 PM
This sounds great,but as others have stated before me ,getting financing for properties or refinancing is difficult to impossible even with good credit.
March 18th, 2010 at 8:12 PM
How can I get a copy of your lease?
March 18th, 2010 at 8:24 PM
Hey Doug, you are the Man! i would like to know if i can have a copy of your “Magic Lease.” Also, would you like to partenr with me on a project in Miami, Florida? Just I would ask! However, this is still great stuff.
March 18th, 2010 at 8:26 PM
Excellent information….all makes good sense. Hope signup information is after the next video. Thanks.
March 18th, 2010 at 8:36 PM
Doug ….one simple question ….where are you finding these properties? ….ron
March 18th, 2010 at 8:42 PM
I agree that when you get parents to co-sign for the lease you have a much better chance to get paid,however is it not a bit of a problem to get the parents to co-sign?
March 18th, 2010 at 8:49 PM
Love it. Looking forward to your next Funding video. Is this going to be a patner or membership program? I ve been doing short sales and have been looking for a way to hold some of the properties rather than quick sell. So, I’m very interested in your upstart strategies.
March 18th, 2010 at 8:54 PM
how much is your system?
March 18th, 2010 at 8:55 PM
when will this available on cd-rom, its great.
March 18th, 2010 at 8:59 PM
Great info Doug,
Keep it telling us more. But more important is how we can have access to all your information.
March 18th, 2010 at 9:02 PM
Doug,
I just want to thank you for giving us just a glimps of what your program is all about! I pray the guaranteed funding is all you say it’s cracked up to be…it would be what every real estate investor needs. No matter what aspect of R.E. investing they are doing… Keep true to yourself Doug…I like your vibe. Hope your program is affordable…alot of us are on shoe string budgets lol
March 18th, 2010 at 9:19 PM
How can we get your system?
March 18th, 2010 at 9:21 PM
DOUG,
I would like to get a copy of the lease as well to have it checked out and tweaked for my state as well. Please contact me at mandbinvestmentproperties@gmail.com so I can discuss this further with you.
Thank you and GOD BLESS you in all you do.
Sincerely,
Audrey Buchman-Molitor
M & B Investment Properties, LLC
mandbinvestmentproperties@gmail.com
March 18th, 2010 at 9:25 PM
Doug,
I am interested in this program. Can you send me more details. Ironically, I am fulltime substitute teacher in NJ and am looking to become a real estate investor. Do you suggest one should live near these properties they own or can I buy perhaps for instance in philadelphia-2 hours away.
March 18th, 2010 at 10:03 PM
All very interesting Doug. You’ve told us what you, and presumably what we should, do but where is the HOW TO find the deals? Paying full market price won’t work.
March 18th, 2010 at 10:28 PM
Hi Doug, love your lease. Please let me know how to get a copy of your magic lease.
March 18th, 2010 at 11:05 PM
Hi Doug, Yes.. as all the others are asking, How do we get the Magic lease?
March 18th, 2010 at 11:17 PM
Doug, you are providing awesome content. very smooth marketing approach by wetting our appetites. I am sure you will let us know how we can start, however, would like to know how you fell about the NYC and surrounding area markets are being as that is where you were a teacher in your previous life?
March 18th, 2010 at 11:20 PM
Wow! That is a tough lease….how many prospective tenants don’t want to sign to lease as written
March 18th, 2010 at 11:22 PM
Hello Doug, how and when will your program be available. The vids sound very interesting. Thanks
March 18th, 2010 at 11:24 PM
Hi Doug,
I would like to know if you would do a joint venture on a 55 unit property that I came across.
This property is close to a college.
March 18th, 2010 at 11:31 PM
Doug,
Great program. Looking forward to getting the tools to make it work.
Another RE investor dealing with the problem tenanats……
March 18th, 2010 at 11:39 PM
Sounds great. Question. On lease if 6 students in house @ $500 month does that mean all 6 students are on the hook for $3000 so all have to pay $600 that month?. The funding is the greatest obstale I see unless you really have that set up. I’m sure all the techinque and how is there. Can’t wait to hear.
March 18th, 2010 at 11:43 PM
Great videos. Your master lease looks like it’s probably worth it’s weight in gold. My one concern about student housing is that the REAL rent killer is tenant turnover. I tried student rentals once and every year in May or July the students skipped out on their lease and I’d have to find new tenants. Sometimes with as many as 2 or 3 months of vacancy. Most of the students were great – took care of the property – but the vacancies hurt!
March 19th, 2010 at 12:19 AM
Hey Doug,
Great Info. Can’t wait for next video.
March 19th, 2010 at 12:50 AM
Would love a copy of your magic lease and the cost of your course-assuming that’s what you’ll be selling, then partnership and coaching fees-right? That’s what everyone else does, so I expect the same from you. Hope it’s not too expensive because I’m unemployed and a full-time student. Overall, I find your approach interesting and impressive and I’m looking forward to your next video.
March 19th, 2010 at 12:52 AM
Wow you rock…. I currently have a system in place that brings me an average of 10 to 20 new properties per month which are not encumbered by a mortgage.
I would love to have access to your system as it would enhance mine. Please let me know how I can have access to your material
March 19th, 2010 at 1:17 AM
Hi Doug! I like your concept. Do you sell a course and how much is the investment? Can you do a 2 or 3 day boot camp in the Los Angeles area?
March 19th, 2010 at 1:32 AM
1. Do you have apartments, houses or both?
2. Are all of the units near the colleges?
3. Are there housing regulations (college and municipality) that you must abide by?
Thx
March 19th, 2010 at 2:05 AM
I like the lease. How can I get a copy of it?
It looks like a great concept.
March 19th, 2010 at 3:11 AM
Hi Doug. Great stuff in all the videos I’ve watched so far. You give actual info instead of just hype. We live very near a college town (actually 4 within 30 miles or so) and have given some thought to providing student housing, but, as you so aptly point out in your first video, we were scared off after viewing some housing already being used by students while we were searching for a property. I look forward to learning more, and to opening my mind to the possibilities presented by student housing. Thank you for the great work and for blazing an interesting trail. Cindy–Loveland, CO
March 19th, 2010 at 3:16 AM
How much do you charge for your program/course?
March 19th, 2010 at 3:20 AM
Doug…I have seen the first three of your well produced vidios. I have to tell you that “Student Housing” is an awesome concept!!!!
I was one of those guys who tried wholesaling and like you, I had a lot of cashflow…Negative cashflow that is!
Doug, I may be jumping ahead some, but I was wondering if you partner deals from time to time?
Looking forward to working with you.
Regards,
Jack
March 19th, 2010 at 3:51 AM
You’re teasing by talking all around the details. Can’t wait to see it all.
March 19th, 2010 at 5:07 AM
DOUG,
YOUR LEASE IS BRILLIANT.
I AM VERY INTERESTED IN LEARNING HOW TO FUND
YOUR STUDENT HOUSING DEALS, WHICH IS A KEY
COMPONENT TO GETTING INTO THE PROPERTIES.
THANK YOU ONCE AGAIN FOR ALL YOUR INFORMATION
THAT YOU ARE SHARING WITH US NEWBIE’S TO STUDENT
HOUSING. I LOOK FORWARD TO LEARNING ABOUT GUARANTEED
FUNDING. THANK’S AGAIN, DOUG.
PEACE AND BLESSINGS,
MARC W. FARBER
310-552-1710 PST.
March 19th, 2010 at 5:51 AM
Well doug, you deffinitely got my attemtion. This sounds more and more interesting with each video, keep’em coming. I guess the main question on everybody’s mind is: How much are you charging for all this information?
March 19th, 2010 at 7:37 AM
Student housing and multi-family are great money makers.The magic lease protects the landlord and makes sure you get paid the rent.I hope this a low risk and high reward niche that can make you successfull and rich.
March 19th, 2010 at 11:55 AM
I’d like to take the lessons with you but pls help me with the recorded coverage of each webinar. Thanks. -Francis
March 19th, 2010 at 1:52 PM
This lease is great. how can I get a copy to use for my tenets.
March 19th, 2010 at 3:08 PM
Doug, what is the length of the lease agreement in terms of time? Also, what about the summer months? Do you make them pay for 12 months even if the student isn’t there so they can keep the room for next Fall?
Thanks, Christal
March 19th, 2010 at 3:53 PM
When are you going to tell us how to get your system??
March 19th, 2010 at 4:04 PM
Dear Doug:
Excellent! Very detailed. You are really in control and the Landlord. I would like to get your system and would like to know how much it costs. Great Idea! I wish I had thought about it.
Thank You For Shining A Light On Real Estate Investing.
Carol
March 19th, 2010 at 4:21 PM
wow i like it whats next
March 19th, 2010 at 4:37 PM
Doug, great stuff! Comments/Questions: (1) Those lease provisions are intimidating enough to make many parent/co-signor’s pay all rent or damages upon demand. But, for those who don’t, have you, or anyone you know, succeeded in enforcing those Magic Lease provisions against a tenant’s parent/co-signor in local courts, especially in a situation where tenants broke the 12 mo. lease and left very early? I have observed that many local landlord/tenancy court or county level civil court judges will hesitate to enter judgments for much more than 2 mos. of rental arrears, despite what the lease agreement provides, on the basis that the landlord has a duty to mitigate his damages and find replacement tenants. (2) In your experience, if tenants break the lease and leave in the middle of a college semester, how difficult is it, and how long does it usually take, to find replacement tenants once the college semester has already begun and most students have already signed a 12 mo. lease somewhere?
March 19th, 2010 at 5:13 PM
Hi Doug!
Your lease is incrediblly well written — as a former apartment mngr, I surely can’t think of anything that is left out. Have a couple questions:
1) Does it fly in California?
2) Does it cover the landscaping?
3) And can the property be electronically gated?
It’s wonderful to see a good son give public credit and honor to his dad. Love you for this!
)
Thanks much,
Ouida Hull
March 19th, 2010 at 5:59 PM
Hey Doug,
Great video(s). Your teaching background really come through on your videos. I would like a copy of your lease as well. Look like you have covered everything possible in your lease. Thanks Doug.
March 19th, 2010 at 6:16 PM
Are you saying you can charge the tennants for foundation issues? What if a tree falls on the roof due to weather issues. You charge them for that? Sometimes there are issues that you cannot charge to your students
March 19th, 2010 at 6:47 PM
First off AWESOME stuff. How do i get a copy of this lease? Do you have a course that i could buy?
March 19th, 2010 at 9:12 PM
How do I get a copy of your magic lease?
March 19th, 2010 at 10:27 PM
Hi Doug, Great video, love your “Magic Lease” and the contest. I have tried to search for “______
college rehab” in 8 cities on Craigslist, and so far not found any listed that way. I tried it with universities as well. Are there variations of the wording I need to try as well? Thanks much, I appreciate any help you have given and can give me.
March 19th, 2010 at 10:33 PM
Don, ___College Rehab is just 1 example. There’s a whole bunch you can search for…at the minimum just put the name of the college or university and you will get tons of deals and I’m sure some of them will be rehabs.
Looking forward to seeing your deal.
Doug Fath
March 19th, 2010 at 10:45 PM
I noticed when u showed your online rent payments, there were several red lines that said returned. Are these payments that “bounced”?
March 20th, 2010 at 12:11 AM
Oh, Boy!! Finding a motivated seller! What a novel concept! See, I learn something new everyday! Now that I’ve gotten that off my chest, explain that one to me Doug. I need something that works where I live(LI,NY). And the best you came up with is find a motivated seller.Good luck with that one. Unbelieveable. You almost had me going, except for that.The truth now,Doug: Are you an investor, or an information marketer? This re agent wants to know.
March 20th, 2010 at 12:18 AM
Doug,
Let’s be practical here. This is NOT my first barbeque – ok ?
Who in their RIGHT MIND would be willing to sign your “magic lease” with all those covenants when they can go find like property elsewhere without so many “gotchya’s” ?? Who would really sign the lease ??
They would be 100% crazy to sign in they are the parents since they are putting their arses on the line
for their son/daughter who are still at a young & irresponsible age and some roommates that they do not
know that well and therefore do not trust at all. Naturally, the student doesn’t care they have nothing to lose so go ahead and sue me…..there is nothing there. I just can not see the parents being wiling to sign such an agreement in this day and age knowing all the crap that happens out in the real world.
In fact, as the parents advisor I would tell them to walk away and find some other property that has
a more conventional type lease agreement.
I agreed with all of your info. up until now and actually felt funny about “falling into” agreement with you so fast. I knew there was a catch (there always is) because if it sounds too good to be true, many times it is.
Thank you,
Jason M. from Minneapolis, MN
March 20th, 2010 at 12:32 AM
You all make a wonderful argument against leaving a comment, but it is so funny because everyone has a reason for not leaving a comment,
March 20th, 2010 at 2:49 AM
plese let me know how i get your leaseagreement.
March 20th, 2010 at 4:40 AM
Where can you obtain 100% financing with poor credit, no documentation and no money to pay for closing costs, is it possible to purchase property under these circumstances?
March 20th, 2010 at 5:16 AM
Great lease!….But I would never, never, never,sign that for my kid! I guess there are some stupid parents out there,but I agree that if they do sign, it looks Iron Clad. Look forward to more info from you.
March 20th, 2010 at 5:19 AM
Hi Doug,
Thank you for the information. I loved the information in the videos.
I am new to the real estate investor world. I recently lost my full time job and now working a part time job. I have a senior in high school and he is heading to the Air Force when he graduates.
I am looking for someway of making money without having to go back to a full time job.
I am excited about this because I can see a huge potential with this with all the college students looking for housing.
Here is what I found:
3 bdr/2.5 condo close to University of Indianapolis. Rehab work includes drywall, carpeting, kitchen cabinets and sinks in the bathrooms.
1) purchase price is $39.900
2) renovation costs is $15,000
3) After repair value is $87,600 (tax assessment, recently sold property in the area sold for $79,000)
4) Gross Monthly rent is $1,200 (low end)
5) cost to value ratio is 62.67%
6) cash flow cow rule is 2.19%
_______________________________________________________________________
3 bdr/1 bath 1 mile from Indiana State University in Terre Haute.
1) purchase price is $14,000
2) renovation costs is $5,000
3) after repair value is $30,000
4) gross monthly rent is $900 (low-end)
5) cost to value ratio is 63.33%
6) cash flow cow rule is 4.74%
March 20th, 2010 at 7:01 AM
great video thinking about ordering your programs if you help me with information abou starting student houseing
March 20th, 2010 at 11:14 AM
Great info. I would like to know how to get a copy of your lease. Also, would it be possible to email me your previous student houseing training videos #1 & #2. Thanks
March 20th, 2010 at 12:56 PM
Al,
You can find the rest of the Student Housing Tranining Videos on the right side of the Blog Underneath “Student Housing Training Series”. It’s located directly to the right of the Video you just watched.
Doug
March 20th, 2010 at 1:24 PM
Interesting series of training videos, but how do you get a copy of the Magic Lease? I would like to get a copy, and run it past our legal department, see if it needs tweaking to comply with local laws? Please send me a copy.
Thankyou
March 20th, 2010 at 4:09 PM
I’m a rookie in this industry but not in life. You are generating lots of interest but you are speaking in general. How can I find out how to do what you do and have the same results. Bad credit and no money to invest but tons of determination to make a better life for my family. Thank you for inspiring me.
R.S.
March 20th, 2010 at 4:47 PM
How do I get the lease? You mention a coaching program 101. How do I enroll?
Pam
March 20th, 2010 at 5:14 PM
I Would like a copy of that lease. I am getting massacred by my tennants(worst animals)
March 20th, 2010 at 6:02 PM
Hi Doug
I could really use this program. How I can get in? Please tell me how to purchase this system so I can start making money too.
Thank you
Bharat Shah
March 20th, 2010 at 6:18 PM
I am interested in the Magic Lease. Also, I am really looking to get out of the rat race and always KNEW that real estate would be the vehicle. How can you assist?
March 20th, 2010 at 7:09 PM
HOw do we get copy of the lease agreement you just presented?
March 20th, 2010 at 10:35 PM
May I please have a copy of the Magic Lease so I could look at all of the details that you have put into it so I know what to put in mine?
March 21st, 2010 at 1:26 AM
How do I get started it sound like it a recession proof opportunity. ;My biggest mystery is getting funding. I have bought many course in the pass and never really got the help needed to move forward. What is your cost?? Thanks For Your Reply Jimmie
March 21st, 2010 at 3:24 AM
I am very interested in the Magic Lease, in regards to student housing. I live on Oahu and student housing is not readily available and the conditions are poor. I would love to change this, and maybe be a cool Auntie the kids could console in or find assistance. I am a retired nurse, with quite a bit of real estate experience, but costs are high here in Hawaii. Currently I am doing Short Sales and Loan Modifications.
Thank you for your program in advance,
Sincerely,
Lori Ellis
March 21st, 2010 at 4:52 AM
DOUG, HOW ARE YOU. I WOULD LIKE, IF YOU WOULD, TO GET A COPY OR E-MAIL ON HOW YOU FIND
YOUR APARTMENTS AND A LIST OF PRIVATE LENDERS. THANK YOU VERY MUCH. I KNOW THIS
IS UNUSUAL, BUT THERE IS A REASON FOR EVERYTHING. MY e-mail is danramirez46@hotmail.
BEST REGARDS,
DAN
March 21st, 2010 at 2:11 PM
Hi Doug, enjoyed the info on your lease agreement, I have seen and used several, but nothing like this one. I too learned a good income flow from buying repo mobile homes and doing the repairs or selling before ever touching, and that was a great way, because it didn’t tie up a lot of money. Made some serious cash on deals. but as your dad, I lost as the tip of the real estate went south quickly 3 yrs. ago. But it was also cause I let my wife influence my decisions that winter. But that is all behind me now. God has been so good to make my life so blessed. And now I am looking at the options you suggest to make a great income and help a lot of other people while doing it.
Looking forward to hearing more and learning what your course or subjects cost.
Thanks, and even though you may never know all the people who look at your program now, it may impact theri lives down the road.
God Bless
Thanks again.
Rick Dorr
March 21st, 2010 at 3:51 PM
This is really good stuff.
March 21st, 2010 at 4:16 PM
Doug,
That great to know and I want to have a copy of the lease and check if applies to my state and location of students
Leonora
March 21st, 2010 at 4:28 PM
Doug,
Thanks for the education on Recession Proof Student Housing. I have a few questions.
1. What Is the name of the software you utilize to keep track of your rentals?
2. If we do not win the contest, can we still get access to the funding?
Seth Ali aka International Tycoon
March 21st, 2010 at 6:12 PM
What if student does not have any parents. They have a trust account that was set up by their parents when they was living or the student is working their way to go to college?
March 21st, 2010 at 6:37 PM
Super Program –lets hear the rest of the details
March 21st, 2010 at 10:21 PM
Hello Doug!
This “Magic” Lease of yours is absolutely brilliant! I have a good sized folder of ‘Leases’ myself, and I can honestly say that I would throw out 99% of them to replace them with just 1 of your “Magic” Leases!!
This lease of yours will definitely simplify a lot of Investors’ businesses, and would probably create something like: “Super Simplified Management Teams. Half the cost of regular Management Teams. BUT, you must have experience with the ‘Magic’ Lease” : )
And, let’s not forget about all the newly ‘updated’ versions of Real Estate Investing Software that would have to be made to ‘go with’ this awesome “Magic” Lease! By the way, I’m dead serious about this!
Look at this, just by showing us this magical piece of paper, you may very well have created some new jobs at a time when they are needed DESPERATELY. Now, how GREAT is that?!
You are an AWESOME MAN! and I am going to thoroughly enjoy learning all you have to teach us about Student Housing Investing. (I’m in the Inland Empire area of So. California about 3 miles from Loma Linda Univ., 10 miles from UCR, 4 mi. from U of Phoenix and U of Redlands, not to mention UEI, ITT Tech, etc., etc., etc…. and the amount of Foreclosures and REO’s out here, both SFR’s and Comm. Apts, old Motels/Hotels are nearly off the charts!
Doug, THANK YOU for leaving the Classroom behind and THANK YOU, THANK YOU for becoming a teacher of REAL ESTATE INVESTING instead! Sincerely, Debbie Thompson
March 22nd, 2010 at 12:25 AM
Hi Doug,
It’s all interesting but I’ve been monitoring to see if you would address the responses about
people not signing a lease like yours.
Instead, I see some have been removed. Why not address questions that are legitimate?
I think the lease is outstanding too, but very compromising for people and I for one would never
sign something like that either.
Thanks for the content anyway!
Martin
March 22nd, 2010 at 12:31 AM
Hey Martin,
I’m not sure what comment you think got “removed” but as for parents not signing the lease because of how powerful it is, I did see it was asked a few times, so I will definitely answer that on my webinar on Wedneseday night….as well as MANY of the other questions people have asked.
It’s going to be a webinar you do NOT want to miss.
Doug
March 22nd, 2010 at 1:43 AM
Doug, It is a great stuff. When I am going to access to ‘magic lease’. I know I have to pay for it. That is fine. But when? The clause in the ‘magic lease’ is really great. Keep going. I cann’t wait to see the next video. Thanks Doug.
March 22nd, 2010 at 5:55 AM
seems so simple. thank you for sharing the information, i am looking forward to more videos. great doc too, seems like you covered all your bases. thanks again,
Gabriel
March 22nd, 2010 at 5:00 PM
Hi, Doug!
This is a awesome system and I know it will cost…could you tell us the cost? Would you consider 2 oe 3 payments to pay for your system?
Thank you
March 22nd, 2010 at 5:41 PM
Sounds like a great program, but I do have a few questions.
Does the “magic Lease” work in Texas? Texas is very tenant friendly.
How are you protecting yourself from liablility from your tenants, or visitors to the property?
Who is taking care of the property while you are collecting the cashflow? Property management or what?
Look forward to more info and answers to my questions.
Thanks,
TKB
March 22nd, 2010 at 8:27 PM
Hey Doug,
Great video #3. The Magic Lease is brilliant.
How do I get a copy and some help to get started?
Thanks,
Aaron
PS. Have you had any “real problems” c’mon now, no BS, with any parents or co-siigners and students…I mean “any”…?
Thanks for being brutally honest here.
March 22nd, 2010 at 9:45 PM
Can i get a copy of that lease?
March 22nd, 2010 at 10:18 PM
Hi Doug:
Great information and you definitely have my interest peaked. However I am having a little trouble trying to crasp the concept that the parents of the students your are renting too, would agree to pay for another students rent or damages when it was not their child who could not pay or caused the damage. Can you please explain to me why these parents agree to sign your lease? As a parent I am not sure I would want to be responsible for someone else’s child or situation, especially when they are complete strangers. Look forward to learning more about the program! Thanks
Tracey
March 22nd, 2010 at 10:19 PM
I would never sign that lease by being responsible for other tenants I don’t know when you can find similar property with a reasonable lease.
Andy Z
March 22nd, 2010 at 11:13 PM
how do we get a magic lease?
March 23rd, 2010 at 12:37 AM
Will your lease be legal in California? If so, this is an awesome idea!
March 23rd, 2010 at 12:46 AM
I am not in the US can this system apply in UK ,,Europe or anywhere else? or can I have deal in the US even if I don’t live there ?
March 23rd, 2010 at 1:08 AM
Hi Doug,
Have a condo near a couple of colleges and would like to make sure parents are responsible–is it possible to get a copy of your “magic lease”?
March 23rd, 2010 at 5:29 AM
Hi Doug,
I understand the concept about our economy being down, but also one must
understand that student enrollment is also down. That is why alot of students
are attending Comunity College or doing it on line and they are living at
home with their parents. So how one can say it is recession proof is a
little a little concerning to me, as past history of the Great Depression
has proven that their is no such thing as recession proof. Just my two cents
worth.
March 23rd, 2010 at 6:34 AM
Hi Doug,
How many students to a room do you normally rent out?
I know the dorms have smaller rooms with 2 students each but am not sure how my rates should compare.
Thx.
March 23rd, 2010 at 7:29 AM
Understandably your article helped me terribly much in my college assignment. Hats off to you enter, wish look progressive for the duration of more related articles soon as its united of my pet topic to read.
March 23rd, 2010 at 8:08 AM
Hi Doug,
I don’t know anything about how to start with….can you please help me.
March 23rd, 2010 at 9:36 AM
Dear Doug,
I do live in a college town. I have never done a RE deal in my life. I am
desperately interested in being trained to implement your Student Housing
Training Program. What seems so incredible to me is the information you
have provided in the 4 Videos! I find this unfathomable!. How do I qualify
to become one of your “mentees?” I watched the videos in awe. I have
signed up for the Webinar coming up, but I will only be able to participate
in “listening mode.” I plan to listen intently on Wed. 03/24/2010. I sincerely
want to try out your Real Estate Strategies for acquiring Student Housing
Properties. I desire to be the winner of your scholarship, become trained, and
begin making money straight-a-way!
March 23rd, 2010 at 11:22 AM
Doug
I posted a previous comment and after viewing all of the videos you said I should ask my biggest question.
As previously mentioned, I tried to find a property using your method with Craigs list and most, if not all of the properties I found had already been rehabbed and would not qualify using your system. In addition to houses I also found numerous condos, but they also had already been rehabbed. I live in the Chicago area and there are numerous colleges and universities. Why is it that I am not finding anything?
March 23rd, 2010 at 12:47 PM
Hey Deb,
I’m not sure where you are finding your information about enrollments being down. All over the US enrollments are going through the roof and will continue to go that way for the next 10 years. Perhaps it is just the university that you looked into where it is going down and if that is the case I would obviously not invest there because there are PLENTY of universities with rapidly growing enrollment.
March 23rd, 2010 at 12:51 PM
Hey Roger,
First off…congrats for taking action. Many people never do that. Second, using craigslist is just one simple way to find deals…quite honestly its really a very basic way to find deals but I choose that first because its something everyone can do. If you can’t find any rehabs on CL (which I’m a bit surprised about) then you can look in your local newspaper, go for stroll near the college or university and look for properties that need work. OR if you dont want to look for rehabs you can simply look for short sales, foreclosures etc. Those are just a few but the point is, don’t let one obstacle stop ya….keep moving forward. I am going to talk more about this and other solutions on the webinar on Wednesday night March 24th, at 9pm EST. “see ya” on the call.
Doug Fath
March 23rd, 2010 at 3:55 PM
Was that Fenway in the background??? I believe it was!! GO SOX!!
March 23rd, 2010 at 3:59 PM
Let’s see what is next.
March 23rd, 2010 at 6:27 PM
What do you do on summer break? Do you stop shopping, waiting for the new school season to start? Do you just budget rent to float you through the summer?
March 23rd, 2010 at 6:42 PM
1. Is there just a phone number to use also for the call vs. logging online.
I will be driving back from SFO at the time of the webinar and my partner will be in the airport terminal.
2. Are you using your lease in California ?
March 23rd, 2010 at 10:31 PM
Does this work internationally, eg UK? Do you have to be a US citizen for this to be viable?
March 24th, 2010 at 3:11 AM
Would Property Solution International, Inc. collects rent from Single Family rental too?
Please share Magic Lease to all of us.
March 24th, 2010 at 4:10 AM
Hi Doug,
Deb here again. I live in Michigan the number 1 state of unemployment, I understand your passion for
Student Housing. I guess what I’m saying is mabe one has to go to a state that has not been effected
by the economy. So if you know of any states that have not been effected by todays economy, I’m open for suggestions.
March 24th, 2010 at 6:23 AM
So when you have the rental payment for say $2000.00 a month for the entire home. Do you break it down divided by how many tenants are living there or its up to them to figure out? Do you do all the prescreening or sub it out? Thanks…..this is awesome i would love a copy of that lease!
March 24th, 2010 at 10:20 AM
Doug,
I am not a techie. Websites and software leave me flat. I am looking for a friendly computer and software to acclimate before encountering or struggling with another course. Please advise anything I can do or acquire today before the webinar tonight.
Thank You!
Clare
March 24th, 2010 at 5:24 PM
Would like a copy of your Magic Lease. How do I get that?
March 24th, 2010 at 9:00 PM
Good post and this mail helped me alot in my college assignement. Thanks you as your information.
March 24th, 2010 at 11:24 PM
I purchase trust deed properties at auctions at deep discounts and must pay cash. How can this work for me?
March 25th, 2010 at 4:03 AM
Hello Doug, yes yes lets get to steppin.
.
I love to be do , and must do. I will wait to hear back when your schedule permits.
Respectfully,
Petey Pete
March 26th, 2010 at 2:18 AM
I must say that generally I am really impressed with this blog.After reading your post I can tell you are chuffed about your writing. Keep up the great work and I’ll return for more!Cheers!
March 27th, 2010 at 12:30 AM
I am wondering who is responsible for replacing a studen tenant should a student need to leave house or apartment mid-term. Is the property leased term to term or for a full school year or a full calendar year?
Are the tenants allowed to sub-lease a room with permission from the owner?
March 28th, 2010 at 5:32 AM
You’ve got your position over a lot better than I at any time might, thank you!
March 28th, 2010 at 11:11 AM
Brim over I agree but I about the list inform should acquire more info then it has.
March 28th, 2010 at 7:05 PM
HI LET ME KNOW SO I CAN START TO MAKE MONEY LIKE YOU SAID.
March 29th, 2010 at 1:34 AM
Thanks for the awsome info. Are you offering a course in this? What properties should i focus on? single family? multi unit?
March 31st, 2010 at 4:16 AM
Like a Newbie, I’m always searching for on-line for posts that will assist me. Give with thanks you It was fascinating. Can I subscribe to the site?