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Looking to invest in apartment housing for University students

  • September 23 2013 - US
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Answers (5)

There are many factors which must be considered before making any kind of investment in housing, especially group housing such as you are thinking about. It is much more than just finding a building and putting out a for rent sign. Local zoning laws need to be researched, insurance regulations must be considered, even the college must be consulted.

Make very sure to work with a Realtor who has years of experience in this type f investment property and always do your own homework. If you are prudent this can be a rewarding investment.
  • September 23 2013
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Sure. It can be intimidating... but, as Dad used to say, "Don't take investment advice from your plumber & plumbing advice from your investment broker"... Meaning... Make sure you are savvy about who you take advice from. EVERYONE has advice- only listen to the people who are doing it and are succeeding at it- NOT from people who lost their 'shirt' because they did it incorrectly.
I'm in the LA area and I am an expert in investment properties like this. If you are in this area feel free to give me a call.
Best of luck!
Mandy Collins
  • September 23 2013
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When you are buying an investment property do not forget about financing. Many people who start investing don't always realize that buying an investment property or secondary home is different financially. Since investment properties are riskier for a lender to finance they require a higher down payment and high rate, so be expecting that. These are just some important things to keep in mind while looking for an investment property.

Well I hope this helps! If you have any other questions or if you would like a loan, feel free to contact me.

Good Luck!
  • September 23 2013
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Student housing can be tricky.  Getting insurance on the building requires a specialized commercial insurance company.  Depending on the construction of the building and where it is located the costs can be high.

Speak with a Realtor familiar with the local market before you embark on the project.
  • September 23 2013
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Profile picture for Dustin Baggs
Some things to think about are financing and Owner Occupancy percent/ratio. There are lots of little factors to have explained to you about particulars that even some Realtors don't know unless they have do some Condo/Town home deals. Find a Realtor your comfortable with and they will guide you through it all. Good Luck
  • September 23 2013
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