No Hammer Renting

I was reading an article by Ryan Dezember in the wsj about house renting companies that are starting to see a benefit in buying suburban houses to rent rather than remodeling older homes in the city. The article summarized some interesting points and strategies that are worth considering.

The rationale for buying a new house to rent out arises out of evolving situations that home buyers are facing. When housing prices go up in the suburbs, young families cannot find homes at entry-level prices that they can afford. Many of them are burdened with student debt and don’t have the credit standing to buy the higher priced new homes. So, they are willing to rent to make sure their kids get to go to good schools and live in safe neighborhoods.

Steady Income

Renting houses (old ones or new ones) is a promising investment for those who want a steady income instead of a big single payoff. New single-family homes, versus older ones, can be expected to attractive to renters, stay occupied, and provide steady income.

There seems to be two ways to make this investment work: 1. Buy a new house and rent it out yourself, or (2) buy a new house, find occupants for it, and then sell them to a big housing rental company. According to the wsj article, there are quite a few rental home companies starting to look at buying rental houses in the suburbs.

Buying new has benefits:

  • Save on sales commissions,
  • Save on remodeling costs,
  • Charge more rent for a new home,
  • Outfit the house with the preferred fixtures to rent them faster, and
  • Save on maintenance costs for 10 years or so

Since this idea is starting to get around, getting the money quickly so you can squeeze out the competition is something that I can help you with. For rental properties, I offer loans at low interest rates, for terms of 3 to 7 years, with low closing costs, quick closings (15-20) days, and a loan that is based on the asset rather than on your personal credit record so there is less personal paperwork to do.

So, talk to a builder near you who is willing to sell cheap to clear the books at the end of the fiscal year and find occupants, and prepare for a steady income for years to come.

For a quick pre qualification application, follow this link:

I would be pleased to have you call or e-mail too.


Pat St. Cin


Austin, Texas

Photo by Pixabay on


A Cursive Business

I’m not exactly sure when they took cursive writing out of the elementary school curriculum, but it truly was a loss. So many grandparents were in for a shock when their grandkids could not read their birthday cards, and with the passage of time, even the parents of the children cannot read the cards to them.

Well thankfully, cursive hand writing is making a comeback according to a blog on Medium by Jon Marcus. It is being required once again in elementary schools in North Carolina and Arizona, and he tells us about the Sip & Script, a 3-year old company that organizes a 90-min class near Harvard University where an assortment of people 20 to 50 years old gather to sip flavored water and practice their penmanship.

When I read this blog, I thought “What a novel idea for a business.” The Sip and Script is an example of the type of small business that might move into a newly remodeled office building, one of those former utility buildings or warehouses that have been remodeled and turned into retail or office rental space.

I know a banker and his partner who recently purchased and remodeled a building that was once a doctor’s office. They turned the space into 7 small suites, a conference room and a kitchenette. They advertised for occupants with an ad looking for entrepreneurs with ideas for a business who needed some space in which to grow and offered seed loans for the startups.  His motive is multifaceted, to rebuild the downtown business section of the town he lives in and to put some of his money to work for his community. Like all good investors, the partners are also interested in putting their money to work to make more money.

Their building is now fully occupied by a not-for-profit, a small publisher, a community newspaper, a pair of accountants, and a therapeutic masseuse. As the businesses move in and get underway, they will pay rent and enliven an unused downtown building and eventually be attractive to investors interested in buying office space as rental property.

Like so many entrepreneurs, the owners of the Sip and Script cursive writing business saw a need and put their skills to use fulfilling that need. That is what it takes to thrive.

As for cursive writing — it takes practice.

Drop me a line if you are interested in investing in a commercial fix-n-flip project in business rental space. Perhaps you are the one that wants to loan the money or maybe you have a building in mind that you want to remodel and need cash for that purpose. Either way, I can be reached at


Austin, Texas

To read more about the cursive revival visit Marcus’ blog at