When investing in college area how far is far ?

Question

Chris Grenzig · Answer

@Eric Menjivar I went to Hofstra I'll tell you where the main streets are.

West of Hofstra: no further west than Cameron Ave along Hempstead Turnpike. No further south than Front St (maybe just on the opposite side of the street), no further north than Wetsbury Blvd.

South of Hofstra: Anything north of Front Street from Cameron Ave to manor Pkwy (can potentially go on the other side of Front st but maybe only halfway down the block)

East of Hofstra: South of Hempstead Tpke/Glen Curtiss Blvd. Over to the corner of Manor Pkwy/Front Street, and Cunningham/Hempstead Tpke (the streets run at a slant so take those two points and draw a line straight North/South). I sometimes see houses over by Arcadia Ave, but not nearly as many and I wouldn't have rented there unless it was a good deal cheaper.

Graduated in 2014, most students wanted to walk to campus because parking during the day sucked.

Eric Menjivar · Answer

Actually I spotted some houses within Wetsbury Blvd and Hofstra Campus in Vermont Ave. drove by the other morning and it doesn't look bad I know a lot of neighborhood in hempstead are really bad now, that is  why I'm focusing on places close to Hofstra Campus or Nassau Community College.

Mark Trebor · Answer

I have 18 houses near a large university all of them are within walking distance and by walking distance I mean a couple of blocks away from the outskirts of the campus.  The houses rent themselves just from friends of friends never have any vacancy issues.  A very interesting phenomenon is happening around campus the young hipster families are starting to come back to the town they went to college and want to raise a family which are driving up the values of all the single family homes.  Great position to be in since I bought 10 years ago sucks for a newbie starting out, margins are much smaller when paying these premiums that the single family houses are getting.  Still good money just not crazy money.