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Posts Tagged ‘College’

Now seems to be the ideal time to invest in properties in college towns where housing demand is high due to a soaring rental market according to the New rules of real estate by Business 2. 0 Magazine. With home prices still out of home buyer’s range, and homeowners selling their homes due to rising interest rates, rents are expected to increase nationwide. This makes buying investment property in rental markets such as college towns an captivating option, one that is already being pursued by investors. Rents are expected to rise by 5 % by the end of this year according to the National Association of Realtors (NAR), and investors are looking at college towns with increased interest.

There are two major reasons why it is prudent to purchase investment property in college towns now. When compared with other rental markets, the rentals in apartment buildings in college towns are much stronger and hence more profitable. This has been augmented by the fact that apartment buildings in college towns are fewer in number. This demand for apartment buildings has also increased due to the rising admissions in colleges mostly from the Gen Y or the reflexion boomers, which has further increased the asking rates in the college town rental markets. These properties have a low vacancy rate, especially in buildings located near the campuses. Investors in commercial apartment buildings also get to increase their rent with the mounting demand making such investment a highly profitable venture.

So if you are a prospective landlord who has decided to encash this favorable situation, then you can begin with choosing the college town that has the lowest ratio of university-owned beds to the student population. As Michael Zaransky, co-founder of Prime Property Investors in Chicago says, prospective investors would do well to pick the college towns that have the ratio of university-owned beds to students at 30 % or lower. One should also look into colleges that propose to expand their student ranks by 2 or 3 % each year.

Investors should also need to take into consideration the disadvantages involved in owning commercial apartment buildings in college towns. The business could be trying sometimes, and involves risks with college policies liable to changes and the difficulty involved in predicting volatile student demand. However, considering the high rate of returns that the investment has to offer, the pros seem to far outnumber the cons making buying investment property in college towns a smart option.

Often with financial help from parents, some college-age students select to buy homes or condos in communities where they attend college. This option grants students to live in a property that is usually more spacious and comfortable than typical dormitory-style rooms. For students who value attending a college with a massive football program, inexpensive real estate might be an important criterion when selecting a college or university.

Coldwell Banker, a real estate firm, conducted a current survey to refer the most inexpensive college football towns. The survey compared the average price of a single- family home with 2200 square feet, 4 bedrooms, 2

Article by Christopher Harris

Do you believe in Auburn?

Do you believe that in the rugged Southeastern Conference, a team can actually go undefeated in 2006, then win the SEC title game in Atlanta, to play in the BCS championship game? Can a team vanquish LSU, Florida and Georgia in the same year, and then struggle through a doable rematch (or a date with Tennessee) for all the marbles?

Your answer to that question might have been greatly influenced by Auburn’s milquetoast performance last Thursday night in South Carolina. Favored by 13, the Tigers struggled to hold off the game Gamecocks (to coin a phrase), almost blowing a 24-10 lead before stopping Steve Spurrier’s troops, 24-17, at the Auburn 6 with under 20 seconds to play. RB Kenny Irons was great, rushing for 117 yards and two scores, and QB Brandon Cox did the caretaker thing, not turning the ball over while completing 13-of-19 passes. But the Tigers’ pass defense was shaky, allowing South Carolina wideout Kenny McKinley to get open time and time again, to the tune of eight catches for 110 yards and a score. Auburn had been a top-20 defense against the pass, but the tight coverage it showed against LSU was nowhere to be found in Columbia last week.

So this weekend Auburn has what’s supposed to be a relative breather: a home game against the extremely young Arkansas Razorbacks. Irons is a Heisman candidate, and Arkansas is ranked right around 100th in Division I-A in stopping the run. The Razorback run game is pretty strong itself — sophomore Darren McFadden has two 100+ yard rushing games so far this year and will play on Sundays someday — and certainly Houston Nutt will try and keep the ball away from Irons & Co. for as long as possible. Do Cox and his receivers, primarily large junior Courtney Taylor and sophomore Rodgeriqus Smith, have enough firepower to cover a large spread in a conference game?

In a word: yes. Auburn has covered three consecutive seasons against the Razorbacks, and has the matchups all in its favor. Irons will not take his foot off the accelerator if he wants to keep pace with Ohio State’s Troy Smith for the Heisman. As I mentioned, Arkansas’ rush defense has struggled against the likes of Alabama and Vanderbilt; Auburn’s ground attack is in a absolutely different stratosphere. And the Hogs want to run like crazy, too (they’ve got a 5.6 yards-per-carry average), but Auburn is only allowing 2.4 yards per carry, which puts them in the top 20 nationally. There’s simply no comparison between these defenses in terms of size and speed.

The trends mostly favor the Tigers as well. Auburn is 11-4 against the spread in its last 15 overall. It’s also 7-2 ATS in its last nine home games, 23-9-1 ATS in its last 33 conference games, and 5-1 ATS in its last six games in which it was favored by 10.5 or more points. In other words: when this team is favored to win big, it wins big. Arkansas is 0-4 ATS in its last four games (all this year), and 2-7 ATS in weeks following a straight-up win. True, the Hogs are also 3-0 ATS in their last few games where they’ve been a 10.5-point underdog or worse, so they historically know how to keep would-be blowouts close. But my issue is that the Arkansas teams who did that have since graduated; this year’s team, led by a freshman QB titled Mitch Mustain, is extremely green, and it showed when the team got decimated by USC (at home), 50-14 as a 7.5-point underdog. For sure, Auburn doesn’t throw like SC does, but I don’t think it matters, because the Razorbacks won’t be healthy to stop Irons. I’m taking Auburn (-15.5) hosting Arkansas, and hoping that the Tigers won’t be looking ahead to their large matchup with Florida next week.

Last Week: Another sweat-free Saturday night. I had Houston, getting 17 points, at Miami, and the Hurricanes struggled to even win the game, let alone top the Cougars by 17. In the end, Miami was healthy to pull out the game, but only by a score of 14-13. So another easy, non-ulcer-inducing cover for us. For the year, we’re now 4-1 against the spread, and on a four-week winning streak.

About the Author

Christopher Harris is a featured writer for the Professional Handicappers League. Read all of his articles at www.procappers.com

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