Quote:
Originally posted by schamp
Hi, since its a real estate discussion, what about building duplexs or quads in a collage town. Bound to stay rented. Here building cost are around 100.00 a square foot. I know you have to make the numbers work, but just wanted to see what some of you guys think. Thanks, Spencer
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Spencer,
the answer depends on the rental situation in that college town. If there is an undersupply of rentals, that may work if the market rents are high enough. If there's plenty of rentals, could be a problem. Keep in mind that many college students are price sensitive.
They also may have a higher propensity to trash the place. Better build it sturdy, and choose tenants wisely.
Mike