Buying investment homes in a college area is a good idea. A great idea if they are for your children and they stay in school. Well, this parent has two properties on two college campuses and I need to sell both. But, it appears that I missed the market. Both are sitting with no activity. I didn't think logically. Students need housing from September to June. The housing market is seasonal. Maybe in late November or early December when the 2nd semester there will be a small interest. I hope so, July is way too far away to wait for the students to return for the fall semester. So, when marketing a property near a college campus, expect a short selling window. Something I neglected to think about, but now understand.
The Resident Mark
Comments (2)Subscribe to CommentsComment