Buying Real Estate In College Towns
Parents are buying up properties to rent in college towns, according to a recent survey of Realtors.
It makes sense that parents would want to be able to reap the benefits of cash flow rather than pay for the rising costs of room and board. Because two-thirds of major universities are in towns with a median home price of less than $250,000, buying a home to lease is affordable for many parents. But parents can’t do it alone; they’ll need an agent experienced in finding investment property deals and who can advise on or provide property management.
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