My first Real Estate

This is the first house I ever buy in my life at age

23 . I bought this house (it's a 2 story 2b1.5b condo) after I learn about so much advantage of owning my own personal residence than paying rent. Although I just took a job and my status is not stable, I decide to take the "risk" and jump in the market to buy my own place. I bought it in decemeber time, which the market is seasonally slow. As soon as I move in, I decide to share room so I can collect some rent to help my mortgage.

Investing in a university or college area is a sure bet

Tonight, I want to talk about why I love to invest real estate in a city where there is a university or college in the area. The reason is very simple: It’s recession proof. Most cities ‘s house market performance is usually tied to how strong local economy, the employment rate, the average salary people getting etc. Thus, when there is a bad news about the local economy or recession comes, which almost every cities could experience some point of the time, the house market tends to fall. Also, it may become harder to rent out the property during recession. However, if I invest into city where there is a well-established university or college, I will have students coming in and out every semester or quarter and I can easily rent out my house to students. In fact, there will be more students to rent my apartment if the economy is not doing good because most of them can’t find a job and decide to go back school. Therefore, investing in a university or college area would give you a more stable cash flow for your real estate investment during the down time .