Thoughts on investing around colleges.
This varies vastly on the college and region, but generally what are your thoughts on investing in multi-families on the periphery of a college campus. I am thinking about investing in a property near a campus and want to hear if anyone has had experience.
These are some basic Pro's and Con's that go along with this subject that iv been thinking about:
CON'S
-There is certain to be damage to the property.
-Parties, and all the circumstances that trail that situation.
-Often times students dont pay rent on time.
PRO'S
-There is recurring traffic in the area every year, so there shouldn't be a problem filling vacancies.
-Tenants shouldn't be to needy or demanding.
-Generally (At least in my area) the college is not in a fantastic part of town, so the real estate is not expensive.
Let me know what your experience has been or if I have missed anything (Which I am sure I have).
All the Best! :)