Hi there, this is my first post so here goes.
Having trawled through lots of properties over the past months, I believe I’ve found a great opportunity for student accommodation. However, I still have a due diligence to complete, part of which involves undestanding the business of stuents in more detail. Does anyone know of any good resources that will enlighten me on the subject?
Thk in anticipation of some replies![biggrin]
Midge
Students need a safe, secure, inexpensive place to live while they are studying at uni.
Oftern many travel home during the holiday breaks, while others stay in their jobs to earn cash while they study.
Certainly doesn’t have to be flash, as long as it’s safe and secure, and has utilities.
Location can be a decision making factor for some students, as they might prefer to be closer to the campus. Obviously the closer you are, the higher the rent!
For some location isn’t important, the cost of the accomodation is. Funds are tight for students and they find creative ways of getting what they want for cheap.
You may not find specific resources on uni students ways of renting property. Each individual is different (some prefer to live on their own, others prefer to share a house with 6 others) and each town/city they are studying in can differ also (Sydney is different to Wollongong is different to Gold Coast
)Learn, Love, Strive. Make a difference!
There are plenty of topics on student accomodation and rooming houses etc. on this forum, and also Mortgage Hunter among others have successfully utilised this strategy.
You wont have too much trouble finding the info you’ll need.Good Luck…G7
Have a look at the book by the Reno Kings. There is a chapter in there about people who specialise in this area.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Simon (Mortgage Hunter) who is a moderator on this forum seems to know a lot about low cost accommodation. Maybe he could help you a lot.
Robert Bou-Hamdan
Mortgage Adviser
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