Buying an investment property in a college town?

Buying in a college town can be a great opportunity! You know there will be a consistent flow of rental demand with the turnover of students. Some other things you may want to consider is how will you qualify tenants (some students may not have a job/credit history) and whether it would make more sense to do a long term rental versus a short term rental.

There are a few main things to consider when buying an in investment property in a college town. Firstly: Hire a local Realtor, they always have superior knowledge about gross income numbers, highest grossing locations etc. Secondly: Consider looking slightly outside of the normal "college rental" areas and you may find some hidden rental gems. Thirdly: Do your due diligence on the area as a whole and be realistic with your rental income expectations.