Episode 120: Student Housing: 3X the Cash Flow

08/29/17 • 34 min

When Dixie Decker was 18 she bought her first house and rented two of its rooms to her friends, meaning she didn’t have to pay a dime for housing during college. Later, she got married, had two beautiful kids, became a mortgage broker and a realtor, and then the 2008 market crashed in both industries, bringing her 10-year marriage down with it. She had to file for bankruptcy because her husband had secretly opened $100,000 worth of credit cards. Working three jobs just to stay afloat, she missed her two girls at home who she had to care for alone. She needed freedom and hated not chasing her dreams!

After two years in corporate America, she ran into her middle school best friend and he brought her in on a new student housing business. When her mentor gave her a unique buying method where she could use other people’s money and credit, they very quickly had six rehab projects going on which they rented as off-campus student housing.

In addition to creating a niche market, Dixie and her business partner revolutionized the profit making potential of rental properties. Using per-room rental rates, they were able to collect multiple checks from one house, while the neighboring landlords collect one. An incredible benefit this provides is they can pay close to market value when buying and then have cash flow that is double and sometimes triple the average investor’s single family rental cash flow. By using lease options she learned her business could do many more rehab projects simultaneously and start earning more money faster.

In just three years Dixie has raised over $5 million in private money. Because of the systems she has in place, her business runs on auto-pilot and, most importantly, she collects over 152 checks each month in the mailbox and has over 40 golden geese with none of her own money in any deal.

What you’ll learn about in this episode: A real estate investing niche that can be incredibly profitable Starting out in real estate even when you have very little funds Doing student housing the right way to protect your investment Strategies that you can use to invest with incredible profits Making the offer to potential private investors in a way that makes them feel safe How to structure a student rental business in a way that makes sense What college student renters are looking for in the modern market Using parental involvement to protect your investments in student rentals Protecting yourself and your investors while operating a rental business Why per-room rental rates are better for you and your renters Resources: REInvestorSummit.com/live REInvestorSummit.com/Grow REInvestorsummit.com/Pro REInvestorSummit.com/101 REInvestorSummit.com/100

Previous Episode

Episode 119: 7 Fundamentals of a Highly Successful Flip

Brant is a full-time real estate investor, business owner, business coach, speaker, and bestselling author. He has been featured on Fox News as a Real Estate expert and hosts local seminars and training events.

Brant is a proverbial ‘rags to riches’ story while living in an apartment and having no money, he was able to purchase his first investment property on a credit card! He went on to buy 10 properties that same year with no money down and since that time has gone on to purchase, renovate, flip, and rent hundreds of homes and owns a portfolio of rental properties in the millions and continues to flip houses and take part in a variety of real estate projects, including new home construction and development.

In addition to Brant’s real estate pursuits, he’s an active entrepreneur as owner of a coaching and consulting business, a property management company and also owns a marketing company that helps small businesses and entrepreneurs to utilize the same marketing strategies he uses in his businesses. One of his companies, Invest Home Pro, was recognized by Inc. 5000 as one of America’s Fastest-Growing Private Companies.

Brant is a former police officer who prides himself on integrity and serving others. He is a husband and father of five and enjoys helping and teaching people to experience the freedom and success he has achieved through successfully investing in real estate.

What you’ll learn about in this episode: Escaping the corporate rat race The power of owner financing to bolster your cash flow Avoiding the hard lessons by learning from the best Connecting with business partners who synergize with your operations Generating an income that will fund the lifestyle you dream of Lessons from a master of the real estate business The keys to funding deals with a variety of sources Fundamental strategies for owner financed deals How to communicate authentically when pitching to investors Resources: REInvestorSummit.com/houseflipper REInvestorSummit.com/grow REInvestorsummit.com/noteservicing REInvestorSummit.com/101 REInvestorSummit.com/100

Next Episode

Episode 121: The $50K Code: The Science of Flipping

Justin Colby is the Co-Founder and President of The Science of Flipping, Omni Investment Group, and Phoenix Wealth Builders. The Science of Flipping is a free Podcast on iTunes, Omni and PWB are both professional real estate investment companies specializing in the purchase, rehab, and flipping of distressed properties in the Metro Phoenix Area.

Justin has been real estate investing since 2007. It was an ironic time to become a real estate investor as the markets were changing and all the conventional rules of real estate investing were being thrown out of the window. He didn’t start out in real estate as an investor, in fact, he first cut his teeth in real estate in 2005 when he became an agent and joined his friend in starting a brokerage. To date, he has done over 650 deals and counting.

What you’ll learn about in this episode: How to find your niche by exploring new strategies The secret to getting 4X results from new deals Increasing profits by avoiding the rehab market for smarter deals Creating excellent content for marketing your business Getting past the scariest part: finding the money Building relationships that will make you a powerful influencer Helping your private lenders to see the numbers that will bring them back Resources: REInvestorSummit.com/50KCode REInvestorSummit.com/capital REInvestorsummit.com/live REInvestorSummit.com/100 REInvestorSummit.com/aof