Student Housing in Waco TX

[Olusegun Samuel Oyebode]

Hello everyone, I am new to Real estate investing and I am particularly interested in student housing in Waco TX-due to the affordability (for me) of the prices of the properties in Waco. I have read about "Baylor Bubble." and am wondering what is the particular area it covers? Also, I will need some direction to this local market. Anyone with directions will be highly appreciated.

I am thinking of buying a 4-bedroom property that has some potential for student amenities. What should be concerned about?
What are some strategies I should consider?
Thanks in advance.

[Patrick Pendley]

I would say the Baylor bubble is going to be the downtown area ish that is on the east side of I-35 between the interstate and Valley Mills and from the river on the north down to say 17th street. The bubble extends down university parks really all the way to loop 340. There is also a section on the other side of LaSalle from the university. In general the area is over built and has a lot of "mice after the same cheese" one of the difficulties is Baylor requiring freshman to live on campus and them expanding their living learning centers. Basically think, Baylor wants everyone to live in their housing. There is still a lot of opportunity. There are several things you need to keep in mind. The first is that Baylor is primarily female in terms of the student body. It's also an expensive private school. That translates into The primary concern about picking housing is safety and amenities. In that order. So properties with good lighting not near junkie looking properties and ones that are fenced bring higher rents and are more desirable. The second consideration is that students or rather their parents are willing to pay for the newer nicer properties with more amenities. So there's some of the keeping up with the Joneses. Every property has a place in there you just have to make sure you mark it correctly in our price right. Feel free to reach out if you have any more specific questions or if you feel like I can help at all.