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Baltimore area looks good for 'college town' rental investors

Good news for investors seeking profitable rental properties -- Baltimore ranked in the top 10 for college town real estate markets in the U.S. in a recent MarketWatch story External link. Key investor-friendly variables come together in cities like Baltimore, including:

● A high rate of housing demand that is consistent over time, primarily due to a continuous influx of students and professors seeking off-campus housing. Also, college towns are desirable retirement spots thanks to the nearby restaurants and steady stream of cultural and athletic events. Landlords can be more confident that they will be able to choose from a sizable pool of tenants and avoid long-term vacancies.

● Significant increases in tuition costs and campus living throughout the country are motivating students to choose affordable nearby housing over student housing. This allows landlords to charge more for rental properties -- often enough to cover the entire cost of the mortgages on their properties.

Read full article... External link

Written for BrainTrack External link as a guest post on The Baltimore Sun's Real Estate Wonk External link blog

 
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