This report on the cost of college housing crossed our desks this week and it was quite informative. One of our agents, Carol Poche', remembered working for LSU housing and living in the dorm ... if only her parents had had a real estate advisor at that time, they could have purchased a home, had roommates pay the rent, and create another investment property. Look at these facts and let's see what we can do for you to gain a college investment!
Buying a home for a college student is more affordable than paying for room and board at 23 of the 121 universities and colleges analyzed. And LSU ranks #6 with ULL shortly behind at #13.
As summer winds down, the parents of countless incoming college freshmen will start pumping tens of thousands of dollars into their student’s dorm and dining plan. That means loft beds, mini-fridges and mac-and-cheese Mondays, while Mom and Dad get nothing but a dwindling bank account.
Hold that check.
What if instead of paying for twin XL beds and overpriced cafeteria burritos, parents bought a home near campus? Their college-bound kid gets a roof, kitchen and groceries. Parents acquire a property that could pay dividends long after cap and gown season.
At LSU, the cost of on campus housing is $15,000.
Were you to purchase a 3 bedroom house, even at $300,000, with two roommates paying you rent, you will come out ahead. And have an investment for years to come!
Sound like an elective worth enrolling in?
What's the BEST way to spend your summer?
