Renting to short term construction workers

[Bryan DeSellem]

Hi All,

That might not be the best title for this question. I work for a large utility company and have been involved in a couple of facilities that were being built/commissioned. I have noticed during these large construction projects rent in the area skyrockets and nearly every rental is full, however this is only temporary (2 to 3 years). I’ve seen this where I’ve lived in Ohio, Virginia, and now Maryland. Back then I wasn’t involved in real estate at all but now that I am I wonder if that’s a opportunity I should take advantage of or steer clear of. Anyone out there that has been involved in such a market? And what was your experience?

Thanks in advance,

An Ambitious Newbie

[Remington Lyman]

@Bryan DeSellem REI can be a great way to generate long-term wealth, but you should know the risks. I am not sure of your area but if you are in the middle of nowhere Ohio that has a single employer, they will drive the market. If GE outsources its factory work out of the small town, prices could drop significantly. Vise Versa if GE moves a factory into a small town like the one you might be referring to, prices could soar. Again this may not be your situation but something to think about.