Off Campus Housing – More Reasons Why It May Be A Good Investment
Earlier this month we talked about the benefits of buying into the student housing market, and now Marketplace has an interview on the benefits of owning off campus housing as a investor and landlord.
I still think this a good local investment if you are hands on and willing to get dirty. College students in some ways are hard on properties, but you will typically get paid and with the university budget crisis and high growth in students, demand is high.
SCOTT JAGOW: This morning, we’ll get the latest numbers on existing home sales. Probably yet another sign about the cooling housing market. Buying up a bunch of homes or several apartment buildings may no longer seem like a sure-fire investment. But we’re here to tell you about a place in the real estate market that’s fairly certain to pay off. Here’s Alex Cohen:
SANDY POPE: This is considered a loft, even though it has a separate bedroom, so when you come in your front door you’ve got your storage . . .
ALEX COHEN: Realtor Sandy Pope shows off a condo in Austin, Texas. This unit lists for $200,000 dollars even though it’s only 750 square feet.But it’s perfect for students. It comes with a high-speed Internet connection, there’s a pizza place on the ground floor, a bus stop right outside and the University of Texas campus is just a few blocks away. via Marketplace
Listen to the Interview (via Realplayer)