Investor Report: College and University Towns, an article from RealtyTimes.com, reports that investors who specialize in buying rental houses and condos in carefully-selected major college and university towns suggest that it is a safe haven for real estate investing. According to Stuart Frazier, an investor and co-founder of College RealEstate.com, buying small-scale rental properties in university communities where the underlying economic fundamentals are solid is "one of the true oasis situations out there" in residential investment. Investors near Gonzaga University who are using Frazier's firm's assistance, are experiencing an average 8.8% annual appreciation rate plus turning positive cash flows due to the unending supply of new rental customers. Frazier cautions that not every college town is a winner. Sometimes universities overbuild student housing, leading to lower rents for competing private investor owners.
http://realtytimes.com/rtpages/20080104_investorreport.htm
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