Charlotte Affordable Student Housing

[Chad K.]

While finishing my degree at Unc Charlotte and wholesaling real estate I have noticed that each in every year the cost for off-campus student housing continues to rise. Many of my peers pay at least 500 a month to rent out a room. Because of that I wanted to do off-campus affordable student housing for college students. I was wondering if anyone was familiar with providing this services through any government grants or programs? Or is the only option for me to buy a property near the campus an offer rent at a discounted price?

[Account Closed]

@Chad K. 

Yes, significant real estate investment experience.  You're chances without that are slim to none.  I would suggest getting the land tied up first with an option, then trying to partner with a more experienced investor/developer of student housing.  

Another suggestion: use specialized knowledge you have about the university, needs of students etc.... to acquire a multifamily apartment nearby and use this knowledge to provide added value and increase cash flow. This is how San Zell got started in student housing while a Michigan Law School student.  He started by helping to manage the property he was living in, then partnered up with an investor to acquire other multifamily nearby and turn them around.