Would you invest in a college market?

[Carlo Dacanay]

Hi BP community,

I've done some research and received an opportunity to buy a property with great cash flow (25-35% CoC ROI), but the property is in a college market and will most likely get student tenants. What are the pros and cons of investing into a college market?

I know long term tenancy/turnover rate will be an issue, but might be willing to overlook it because of the ROI. But is that a safe assumption? Let me know!

[JM Payne]

Originally posted by @Carlo Dacanay:

@JM Payne thanks for the insight! Really good to know especially with the impact of COVID on the student market. I'll definitely consider having parents as co-worker signers of lease if the tenant isn't a grad student or academic instructor

 No problem.  Also protip; call the college and see if they have an internal housing office/posting board.  Many colleges have an office that helps coordinate housing for new professors and staff.