Are you completely new to real estate investment or just getting into trouble? I am a real estate agent, my friend and I watch HGTV. Let me tell you that there are many ways to invest in real estate. I think a lot of things that might become real estate investors watching the house flipping and miscalculating the process. It does more work than most investors do. Doing your own repairs may save money, but many investors are not general contractors.
In the conversation, friends and customers interested in real estate investment often ask me where to start. I asked if they considered the rental income of college housing.
Some people do not have the funds needed for renovation. This may be a problem, but it is not an issue that ordinary people cannot overcome. FHA loans have guidance and restrictions on investors' loans. You can get two non-investor home loans in Ohio. The hotel must be at least 50 miles apart. Investors have FHA loans and the interest rate is slightly higher. The FHA 203k loan is used for troubled properties, including up to $35,000 in maintenance costs.
Regarding the benefits of FHA loans, they only need a 3.5% down payment. You should be aware that loans with a down payment ratio of less than 20% require PMI or private mortgage insurance. This is a premium lender charge and federal regulation that protects lenders in the event of a default by the borrower.
Investors need to understand that when you finance, you cannot repair it yourself. It is banned and federal law. This protects the market from falling, as many buyers fail to complete the required repairs, dragging down the value of the property. It also protects lenders. If the borrower defaults, the lender would rather have a complete, updated property than the distracting eye pain on their books.
Now that you know more about investing in university housing property investment, let me tell you why university housing is very popular for real estate investors. Rents will always go up. Getting college education is expensive, and not all students want to live in the Brotherhood house. Keeping the current rate, but renting a room or just below the price will ensure a good occupancy rate.
In Cincinnati, there are many college and university campuses. Investors can undoubtedly find potential Cincinnati properties for college housing.
Many students work in college and find jobs near their education centers. Some students really want to save on petrol and car insurance. Finding affordable housing near schools and workplaces is very attractive to them. It would be better if they could walk, ride a bike or take a bus to their destination.
Advertising for your college accommodation is simple and even free. Simply post your rental property at school. Talk to key people in the debate team, quarterback or college newsletter or blog.
I want to help new real estate investors, I have no problem small small investors buy real estate as a college housing for rental income. What I don't like is the influx of funds from large real estate investment companies, buying all the properties they can discount, and charging students a premium.
There is an interesting brewing debate about this. I saw an article "Dorm Debate" on the online newspaper "The Outlook" of the University of Monmouth, New Jersey. In this article, college students raise this issue; universities should provide affordable university housing.
Orignal From: Real estate investment, college real estate
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