ORANGE, CA-It’s not surprising that some investors would be attracted to the idea of buying income investment housing in college communities. The demand for housing tends to be strong both in college towns and in communities within walking distance of colleges. Dan Wildish, managing partner at Wildish & Nialis, tells GlobeSt.com that he knows about property investment in college towns “only too well.” Many of his clients frequently scout for good deals in income property. And very often, such purchases can turn out to be both attractive and lucrative investments. Yet there are also downsides to pursuing this type of purchase.

GlobeSt.com: What are some of the factors that make such an investment an appealing one?

Wildish: For starters, only a limited amount of housing can be provided by the university, or subsidized by the institution, if housing is not available on campus. The type of housing seems to be in demand year-round. With real estate market prices declining so rapidly, investors could conceivably choose this time to buy housing cheaply. These units can also provide a steady stream of income. And in these troubled times, income to an investor, even a successful one, is as attractive as a cold beer on a hot day.