Hello everybody! So it occurred to me the idea of buying properties in college towns because annually, we get a lot of students coming into towns to stay for the academic year. So, based on my prior assessment, I should be able to get constant passive income from renting out a property in a college town. However, I am aware that the cost of securing a property in college towns can be massive. So, is the large investment worth it? Any thoughts on the matter are much appreciated!
I can’t really explain from a property expert POV but for me, as a college student, living close to campus is one of my biggest priority when finding housing. The burden of college coursework combined with a commute commitment is really my nightmare given that I would be so tired and dismiss assignments to get the rest that I need. Admittedly, depending on the housing density in the college area, the price can fluctuate and get into the 6-figure range. But then again, there will always be students who need to rent a place during their entire academic year. The cost is really a subjective thing depending on what you can currently afford but from a student POV, I’d say it is a really good investment opportunity.