It's the time of year when proud parents are sending their kids off to college. What better time to consider the best college towns for investing in foreclosed homes?
Buying an off-campus home for a college-age kid to live in can be a sensible business decision. Investing in real estate near a university can also make sense for alumni or other investors looking for a property that generates a steady income in an area they love — if they're willing to put up with the increased potential for property damage, continuous repairs and occasional evictions from student tenants who don't take responsibility for the home.
By Joel Cone
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