Investment in College Station, TX

[Josh Johnson]

Daughter will be going to school next year.

Want to make an investment.

Looking to buy duplex, 4plex, apartment complex or perhaps some SFRs.

Looking for properties. Need help with agent and property mgrs.

Go.

Thx.

[Dylan Whitcher]

Hey Josh,

My advice would be to stay away from student housing-focused properties, and stick to something that can accomplish your daughter's housing goals for her time in college station and that you can get out of through a sale or continue to rent to other demographic than just students once she is gone. The student housing market in College Station is MEGA saturated. The last company I worked for had a flagship property right next to the university, and the market is very competitive, full of concessions for students and a lot of the properties that are not directly near the university are hurting for occupancy. 

I would focus on something that could easily be marketed to the traditional family, both during your daughters time there and afterward. Scenario 1, you purchase cash flowing property and your daughter can live for free, or even make money from her tenants, and graduate with that experience and real estate to her name. Scenario 2, you purchase an SFR that your daughter house hacks and rents out the other rooms to her friends and you either sell it when she graduates or hold on to it for cashflow.