Personal Projects
My personal real estate projects focus on building a portfolio of student rental properties in Clemson, SC, with over $2M in privately funded deals completed and in the pipeline. These include the acquisition of a 5-unit student rental and a two-phase development project in the same neighborhood, expected to deliver 20+ units of high-quality, purpose-built student housing. Each project demonstrates my ability to secure funding, manage the development process, and create value in a growing market. Here, you’ll find a detailed walkthrough of these projects and the strategies behind them.
5-Unit Student Rental - Clemson, SC
This five‐unit student rental was purchased as a house hack to generate reliable rental income with minimal vacancy risk. After minor cosmetic upgrades, the asset has produced stable cash flow and realized significant appreciation, culminating in above‐market unlevered returns.
Key Highlights -
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Purchase & Date: $350,000 (July 2021)
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Down Payment: $17,500
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Stabilized Annual Net Cash Flow: $27,600
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Current Value: $450K (January 2025)
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Equity Multiple: ~9.5x
7-Unit Student Rental Development - Phase 1
This new 7‑unit student housing project targets the growing demand for off‑campus rentals, with full pre‑leasing secured prior to completion. By keeping construction costs in check and maintaining a 10% preferred interest structure, the project is positioned to achieve solid returns once stabilized. Expected completion - May 2025
Key Highlights -
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Land Purchase: $45,000
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Hard Construction Costs: $438,000
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Interest: 10% preferred return over 6‑month construction
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Pre-Leased Rent: $6,195/month, Expected Annual NOI: $49,200
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Yield on Cost: 10.22%
6-8 Unit Student Rental Development - Phase 2 Lot #1
This 0.5 acre lot was acquired at $42,000 for a future student housing project. The plan is to develop 6–8 units to serve strong local demand for off-campus living.
6-8 Unit Student Rental Development - Phase 2 Lot #2
This 0.5 acre lot was acquired at $55,000 for a future student housing project. The plan is to develop 6–8 units to serve strong local demand for off-campus living.
