Investment in College Station, TX

4 Replies

Daughter will be going to school next year.

Want to make an investment.

Looking to buy duplex, 4plex, apartment complex or perhaps some SFRs.

Looking for properties. Need help with agent and property mgrs.

Go.

Thx.

Hey Josh,

My advice would be to stay away from student housing-focused properties, and stick to something that can accomplish your daughter's housing goals for her time in college station and that you can get out of through a sale or continue to rent to other demographic than just students once she is gone. The student housing market in College Station is MEGA saturated. The last company I worked for had a flagship property right next to the university, and the market is very competitive, full of concessions for students and a lot of the properties that are not directly near the university are hurting for occupancy. 

I would focus on something that could easily be marketed to the traditional family, both during your daughters time there and afterward. Scenario 1, you purchase cash flowing property and your daughter can live for free, or even make money from her tenants, and graduate with that experience and real estate to her name. Scenario 2, you purchase an SFR that your daughter house hacks and rents out the other rooms to her friends and you either sell it when she graduates or hold on to it for cashflow.

I would highly recommend Johnny Horton with NextHome Realty. He has helped us buy two multi family properties in BCS. PM me and I’ll send you his contact info. 

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Originally posted by @Josh Johnson :

Daughter will be going to school next year.

Want to make an investment.

Looking to buy duplex, 4plex, apartment complex or perhaps some SFRs.

Looking for properties. Need help with agent and property mgrs.

Go.

Thx.

 Hey Josh, I’m a local realtor who has help many BiggerPockets investors buy in B/CS. I’d be happy to chat with you and see if I may be a good fit. Feel free to shoot me a message. BP references available. 

Originally posted by @Dylan Whitcher:

Hey Josh,

My advice would be to stay away from student housing-focused properties, and stick to something that can accomplish your daughter's housing goals for her time in college station and that you can get out of through a sale or continue to rent to other demographic than just students once she is gone. The student housing market in College Station is MEGA saturated. The last company I worked for had a flagship property right next to the university, and the market is very competitive, full of concessions for students and a lot of the properties that are not directly near the university are hurting for occupancy. 

I would focus on something that could easily be marketed to the traditional family, both during your daughters time there and afterward. Scenario 1, you purchase cash flowing property and your daughter can live for free, or even make money from her tenants, and graduate with that experience and real estate to her name. Scenario 2, you purchase an SFR that your daughter house hacks and rents out the other rooms to her friends and you either sell it when she graduates or hold on to it for cashflow.

 I've lived in College Station since 2004. Everything he says is 100% true. Not going to be what you are used to in the Houston area right now, but still some room to make a profit while providing a stable college home. A couple years ago, one of the student complexes brought in Lil' Wayne for a private concert for anybody that signs a year lease.