Tech Professional looking to buy Student Multiplexes in Lubbock / Near Texas Tech

[Yen Tran]

Hi BP Community,

I’m Yen, a professional currently working in tech/automation. I’m looking to acquire my first investment property in Lubbock, TX, specifically targeting multiplexes near Texas Tech University for student rentals.

The Strategy:

• The Goal: Passive income via high-density student housing. I'm looking for units within "Zone B/C" (biking/driving distance) to campus where I can find better value than the high-priced "Zone A" (walking distance) properties.

Where I Need Advice:

1. Lubbock Market: For those local to Lubbock, are there specific neighborhoods besides Tech Terrace or North Overton you'd recommend for small multifamily?
2. Student Management: I plan to use "joint and several" leases with parent co-signers. For those in the student niche, do you recommend renting by the unit or by the room to maximize ROI in this area?
3. University Expansion: If I were to branch out to other Texas university towns (College Station, San Marcos, etc.), which ones currently offer the best balance of entry price vs. rental demand?

I'm looking forward to connecting with local Lubbock investors and anyone who has successfully automated their deal flow!