Which one would you invest in: Multi-family or student housing?

[Carol Bloom]

Hello!

I'm Carol, I'm researching the student housing market, who has experience in this niche? Why invest in student housing over traditional larger multi-family units ? Is student housing investing only for the institutional investor?   

Appreciate your insight.

Carol

[Michael Le]

The main reasons to invest in student housing is a steady base of tenants and you can make more per unit because you can rent by the room. As long as the university is doing okay, you'll have students coming in every year. As for income, instead of $800 per month for a 3 bedroom you can rent it out at $350 per bed.

The downside is you have more turnover, the students do more damage than normal, they have different expectations of amenities, and it's harder to get loans for large complexes.