Colorado College towns for student investing / FHA Kiddie Condo

[Jena Vail]

Is your up-and-coming college student considering Greeley, UNC for college? Home prices / room rental rates ratios look good for a college town when applying the FHA Kiddie Condo Loan product with a house-hack scenario. There are more than a few dozen detached single family homes avail w/ 3+ beds & 2+ baths priced from mid $300k to mid $500k and rooms renting @ $500 + / month. Other towns in Colorado that might work… Ft. Collins, Colorado Springs, La Junta, Durango, Grand Junction, Gunnison, Alamosa, Trinidad. Is Boulder too expensive?

Your college student may have to pay a higher-than-market rate, but what equity opportunities are possible after 4 years PLUS turning it into a full rental after they move on?

Would love to hear any success stories of college students / parents who used the FHA Kiddie Condo Loan