My wife and I are looking into buying a house near a university with the idea to rent it to international students in 2005.
Has anybody done something similar and do you have any hints? ie what to look for and any nasty surprises which may occur. This would be our first investment property
ThanksI do it.
Give me a call if you want to have a chat about it.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Todays Hot Rate
***3 year fixed – 6.49%***Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
personally i think its a good creative way to make cashflow.
i would first check with the student union and check what the demand is like…and find out how much students are prepared to pay and what type of facilites they would need.
there was an article in API magazine about 4 months ago relating to this exact topic. they even outlined which universities had a shortage of student accmodation
cheers
Another thing to consider is that “some” international students go back to their home country during the summer vacation (November – Feb), so you could find your property sitting vacant during these periods if the demand for accomodation isn’t that high. You may want to keep this in mind when selecting tenants.
Regards,
Ozi
You must be logged in to reply to this topic. If you don't have an account, you can register here.
