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I love coming across articles like this. There are so many different ways to invest in real estate, and always ways to come out ahead in a market that is falling out from under us. People will always need homes to live in and providing housing is a service that one should be proud of. I know I'm always happy to get home after a long trip for instance.
No doubt, parents want their children to live in a safe building while their in college, here we have some information on the growing need for college housing. Don't forget the grants and financial aid the college students receive and can then apply to housing, there's a secure rental payment for the next four years.
One attraction: Student housing is always in demand, regardless of economic conditions such as job growth and interest rates that sway demand and values of offices, apartments and other rental properties.
"If the school is there 120 years, it'll be there for another 120 years," said Paul Bower, chief executive of Memphis, Tenn.-based Education Realty Trust, which owns University Towers and manages the College Inn at N.C. State. "People go to school in bad times and in good."
For investors, times seem better than good. Babies of baby boomers are entering college at an unprecedented rate and staying longer. About half graduate within five years. Read more...
College Life: A strategy growing in popularity, it's almost using your kids as a reason to own property. Kids, when their younger and in college can live with three or four roommates—privacy is on a different scale, it’s more about having parties and getting together to study. As opposed to when you’re older and may move in with your partner or want to get married and start to have children.
Many parents are buying condos or duplexes near college campuses (the demand will always be there if the building is close to the campus) and letting their child live in the property with a few roommates. The rent from the additional roommates will nearly pay the mortgage. The drawback is the wear and tear, small parties might be ok but you’re not looking for the tenants or your son or daughter to start a sorority or fraternity out of the new condo you’ve purchased.
What are some other unique ways investors are getting into real estate, perhaps it's providing housing for a new hospital that's coming into an area? Other ideas?
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