Would a college town be certain death to a new investor?
Hello everyone!
My friend and I have been tossing the idea around of investing in our college town however I've been having second thoughts regarding the process. I wanted to reach out and ask if any of you have had any significant experiences dealing with properties near colleges and universities, either good or bad.
My friend mentioned parents paying rent for their kids which makes sense to me, but I've also seen a lot of situations where students are getting little to no help from their parents financially. I am mostly worried about rent payments, and the upkeep on the property. The only thing that could possibly assuage those feelings is if I hacked the property and lived in one of the units!
Thank you for any help!!