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College and University Discussion
Reply to "Buying investment property in DC college town"
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[quote=Anonymous]With dual enrollment, our kids entered as a junior and sophomore and were not required to live on campus. We bought a three bedroom three bathroom condo in the college town. Our kids lived there when they attended. It gave us a place to visit for football games, we are alums and we avoided paying rent. We now have a management company that handles finding student tenants, handles maintenance, etc. We make only $100 a month or so on it after fees, mortgage, etc. The only downside is due to the fair housing act, we cannot limit it just to students and one year two students had to live with a non student who was much older, but it worked out.[/quote]
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