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Kellon Parkinson
  • Investor
  • Utah
14
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Hesitant entering a market with a College due to online classes?

Kellon Parkinson
  • Investor
  • Utah
Posted Aug 1 2020, 11:17

My wife and I have found what seems like a really great deal for us in Ogden, Utah. It's a non-conforming duplex in a nicer area, somewhat close to the local university. 

We were excited to find that we could purchase this deal on seller-financing, which is helpful for us so we won't have to get an owner-occupied loan. 

Our biggest concern right now, though, is related to the rental market in a college town while universities are offering online classes due to Covid-19.

Are any of you concerned about a shortage of renters in college areas since students aren't actually in school?

Do any of you feel like this is even something to worry about? I realize that the student population is also a fairly small percentage of the city's population, but it's something that still seems like it could affect the market rents.

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