Monday, May 11, 2009

It's Time to Consider Turning Student Housing into a Real Estate Investment, Rather than an Expense

Student housing makes up the majority of costs when sending a child off to school. Instead of giving more of your money to the University or landlords, why not invest in Tampa real estate market and produce an income? SI Real Estate can assist you in locating a real estate property for your eager student that will provide safe, affordable housing, while at the same time contributing to your family’s investment portfolio and build your student’s credit while they are still in school.

Now is an excellent time to take advantage of the real estate market’s drastically reduced prices and our historically low interest rates. An investment in a condo or townhome now could prove to be a valuable asset four, five, or six years in the future, after the degree is earned. Make graduation not only a joyous occasion, but also a lucrative one!

Why not join the savvy investor minded families who are enjoying real estate investment properties? After graduation, rent your property or sell in for profit. Tampa is one of the best places to take advantage of the market’s spiraling prices. Have roommates buffer the cost while your new student invests in their future.

How you can benefit:
- Families purchase a brand new condo or townhome for the student to live in while attending college.
- The student’s name will be on the mortgage, creating an opportunity to build their credit while in school.
- The buyer will receive an $8,000 tax credit*
- Families use the property as an investment and can either sell it when the student graduates, or rents it to new incoming students.
- Families lock in now with the historically low interest rates on mortgages.

Rent a one bedroom, one bathroom townhome for an average of $800 a month.
OR…
Buy a three bedroom, two bathroom townhome with an FHA loan, 3.5% down at a purchasing price of $140,000 and pay just $956 a month.

Why rent when you can buy?

Have something more to show at years end than a George Forman grill and an oceanography book that the bookstore won’t buy back!

Multiple properties and skilled representation with the SI Real Estate team of professionals.

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