is it worth to invest in college station TX ?

Question

Hi

is it worth to invest(duplex) in college station TX ? As per my analysis college stations appreciation rate is low compared to Austin surrounding areas, plus now more of online education ? Not sure students rent properties any more ! The advantage is TAM is 4th largest univ in TX.

Thanks

Danny Webber · Answer

I would look at the mls and dom to see if the market is still hot on a year to year comparison. That would determine what direction i go in.

Kyle Dwyer · Answer

@Bharat D.

I own a property management company in BCS as well as my own inventory here and despite what is happening in the world, we are continuing to lease our properties at increased rates!

The world is definitely changing, and with that the market. You just have to change with it and you will be successful.

Bharat D. · Answer

Thanks Gregory for your inputs.

Gregory Schwartz · Answer

@Danny Webber to answer your question, the DOM are relatively the same as last year here in BCS but we are seeing less inventory particularly in the 2-4 unit range. In the first 2 quarters of 2020, we saw a 31% drop in multifamily sales as compared to 2019.

@Bharat D. you make a good point, Austin has seen some tremendous appreciation but is a relatively more expensive market to get into. CS generally has better cash flow while still maintaining steady appreciation. So it all depends on your personal investment goals.

Will 2020 be a rough year here, absolutely. But the students will return. This campus is one of the oldest in Texas has a lot of tradition, so while some college students will be content with online learning, those who value an in-person education will be drawn to TAMU.

Bharat D. · Answer

Thank you Danny for your inputs. Since I don't have access to pls and Dom, I have to check with agent.

is it worth to invest in college station TX ?

is it worth to invest in college station TX ?

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