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College and University Discussion
Reply to "Buying investment property in DC college town"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]One friend bought a condo for their eldest thinking he’ll there for med school as well and other siblings will go there as well. He went to a med school in another town and one sibling didn’t get accepted while other went to an Ivy. They rented it out for a year then sold it at without much appreciation. Their realtor’s commission ate up their appreciation.[/quote] If the town was anything like the college town where my kids live, they at least avoided dealing with scummy slum-lord type landlords. Also, if they at least "broke even" on the sale between appreciation and the realtor's fees--that's better than completely throwing away rent money each month. [/quote] Homeownership has its own stress and expenses.[/quote]
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