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Buying an investment property in a college town?
What should I consider before buying an investment property in a college town? Are there any unique considerations with college town rentals? Positives? Negatives?
Asked By Charles | St John, IN | 338 views | Investing | 1 year ago
Answer(2)
Brock Owens
KW United
Buying in a college town can be a great opportunity! You know there will be a consistent flow of rental demand with the turnover of students. Some other things you may want to consider is how will you qualify tenants (some students may not have a job/credit history) and whether it would make more sense to do a long term rental versus a short term rental.
- 1 year ago
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Greg Brastow
BRG Real Estate
There are a few main things to consider when buying an in investment property in a college town.
Firstly: Hire a local Realtor, they always have superior knowledge about gross income numbers, highest grossing locations etc.
Secondly: Consider looking slightly outside of the normal "college rental" areas and you may find some hidden rental gems.
Thirdly: Do your due diligence on the area as a whole and be realistic with your rental income expectations.
- 1 year ago
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