Real Estate Views from St Pete

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Student Housing

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.
3 comments • Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS • August 30 2006 04:55PM

Comments

Excellent point, Sharon.  I never thought of that.  We have a big college here, and I'm sure some people would do it.
Posted by Jonathan Greene (Team Greene Realty) over 5 years ago

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

 

Posted by Nima Rezvan First Time Home Buyer Expert CT FHA Loans - FHA 203k - CT Mortgage (Nima Rezvan Prospect Mortgage NMLS#110681) over 5 years ago

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!

Posted by Turlock Homes - Adam Dalton - Realtor® (Century 21 M&M and Associates - Turlock Real Estate) over 5 years ago

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