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RE: Facebook Loses 25% of Value Today, in After Hours Trading
Financing is limited by the imagination alone. Sale/leaseback is a pretty simple concept, and using such ideas might help you to take advantage of the market cycle.
As a former landlord I can state that you will want to keep a close eye on any property rented to college kids. Think 'Animal House', and pay attention, so you don't end up paying for massive repairs.
I've seen properties where tenants used a chainsaw to cut through a hardwood floor to yard out a furnace to sell for scrap, and used a pickup truck and chain to rip the wiring out of the walls, so they could buy crack. When rent payments are late, it's time to inspect the property.
May you never have any experiences with such problems, and all your dreams come true.
I've been a landlord for 28 years now. I always had fairly good luck, I keep the place up and reasonable rent, that brought me good tenants till the neighborhood started going downhill, I suffered some woodwork damage. Looked like people were fighting and trying to bust threw a swinging kitchen door and a bedroom door. I've been pretty lucky, up until four years ago I had only lost 3,000 in all those years as a landlord, then the other trash tenant I finally got rid of cost me 12,000 by the time I got rid of him and his problems. I think the reason that particular investor doesn't have a problem with those kids trashing his properties is he gets their parents to co sign the lease. Two thousand dollar deposit isn't anything to snuff at either, I am assuming most want it back and don't want to start out their careers with a bad credit rating. In the winter they aren't heavy into large parties but in the summer they have parties but they make everyone stay outside except to use the bathroom. At least that what I speculate because that's what I see happening a lot...because it seems like one or the other always has a party going on outside. When the housing market crashed I did see several foreclosed homes where someone went in and took out the items you mentioned, I guess that was pretty common since a lot of them sat empty for so long.