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Student Housing

By
Real Estate Agent with Coastal Properties Group International - Christie's International
Have you ever received a call from someone asking you to help find a rental for their son/daughter who will be attending college in your area?  If so, you might also suggest the possibility or purchasing a condo or home for the student to use - the cost may not be more than campus housing, and equity should increase over the four year period. Depending on the maturity of the student, it might also be an opportunity for them to be a landlord, and rent a room to another student, bring in income to help offset the mortgage and other costs for the house or condo. Perhaps you want to put an ad in the student newspaper in the issues before and at the start of a school year or semester.
Posted by

Sharon Simms
CIPS CRS CLHMS CRB RSPS
Coastal Properties Group
CHRISTIE'S International Real Estate
238 Beach Drive NE
St Petersburg, FL 33701
www.ssimms.com    www.coastalpgi.com   www.christiesrealestate.com
(727) 898-2582    Sharon@SimmsTeam.com

 

Jonathan Greene
Team Greene Realty - Tampa, FL
Excellent point, Sharon.  I never thought of that.  We have a big college here, and I'm sure some people would do it.
Aug 30, 2006 11:19 AM
Nima Rezvan CT Lender CT Senior Mortgage Broker
Nima Rezvan Prosper First Funding Corporation NMLS#110681 - Fairfield, CT
First Time Home Buyer Expert - CT FHA Loans - FHA

Sharon,

Great true point you are making here.  I actually did the mortgage for my brother when he bought a home in New Jersey near Rutgers University.  He also invited his friends to live with him and he paid like 200 or 300 a month.  Worked out great for him and we already sold the property.  He is renting now and he makes medicine and lives in New Jersey. 

Always,

Nima

http://www.MyNima.com

 

Aug 30, 2006 12:16 PM
Adam Dalton
Century 21 M&M and Associates - Turlock Real Estate - Turlock, CA
Realtor - Turlock Homes

I did a mail campaign for second home purchases last year and got a few responses.  I planned to do it again this year buy dropped the ball.  Maybe for Christmas break.

Good luck!

Aug 30, 2006 06:44 PM