Thinking of Buying a Rental Property in a College Town? Do Your Research First

If you have kids in college, or kids about to go away to college and you’ve looked at the price of on-campus housing these days, you may have thought to yourself, “boy that’s expensive.” Then, the investment side of your brain kicks in and you start to wonder about the potential return on buying a house near the college and renting it out to your daughter and five of her friends. If you’ve mulled over thoughts like these, rest assured, you’re not alone. According to an informal survey of Coldwell Banker agents conducted last year, more than one-third of…
Article by KrantCents. Read entire story here.