Real Estate Investment College Town
College town real estate markets are one of the real estate industry best kept secrets. Many real estate investors turn into landlords when their children move to a college town and they purchase a rental property. Besides real estate investors who have children going to the college, many retirees and families are attracted to the quality of life of college towns. Most college towns have excellent health care systems too.
College Banker just released a new report that shows that college towns are good location for homebuyers. Read the news article titled College Towns Pass the Grade with Real Estate. In some areas like the Midwest, it is cheaper to buy than rent and many students do not need their parent’s help in purchasing a property. In Michigan, the housing market is flooded with REOs, foreclosures and short sales and prices of houses may be cheaper than a car. In an article in Washington Times a Michigan, college student who owns two homes reported that banks are selling prices at a loss.
The key to success in real estate investment is to do due diligence and make sure that investing makes sense financially whether you are buying in a college town or not. However, a college town purchase of a property by a parent is a great way to get a child started on homeownership. Read Washington Times article by CLICKING HERE
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Real Estate Investment Best Kept Secrets – College Towns is brought to you by SimplifyEm Pay Rent Online and Property Management Software
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