Looking for an Investment Property? Consider Shopping in your College Town

With the days of summer soon ending, it means “back to school” for millions across the country.

For college students, this means packing up to move into campus housing, which is often expensive and not necessarily homey. It also means investing dollars into housing that’s not tax-deductible, nor does it generate any equity.

For parents with college-bound students, or even investors looking for their next property, this presents a big opportunity to purchase rental property off-campus.

Buying a property near their school could a great investment when you consider:

  • If you have a student of your own, the cost of owning a rental could be cheaper than paying for a dorm or an apartment – especially if they share it with roommates who will pay you rent that you can put towards the mortgage
  • If you co-sign on a loan for your student on a rental property, you can help them build solid credit at an early age
  • By choosing a property located near a college or university, you’ll have a strong pool of renters who are looking for housing in that area even after your own student moves out
  • You could benefit financially with future value appreciation and accrued equity

For parents and investors alike, this opportunity presents the chance to diversify their portfolio as well as offers a large potential tenant pool in an area that is consistently in high demand.

If you’re interested in learning more about this opportunity, contact your local Inlanta Mortgage loan advisor today.

On behalf of Inlanta Mortgage, we want to wish all students a bright and successful school year ahead!

New Windows – A Good Investment?



Perhaps you’ve heard it before –  “Replacing windows is a great investment – it will save you so much money!”

Is Replacing Your Windows Such A Great Investment?

According to the Energy Star website a complete window replacement will cost between $7,500 – $10,000 for an average home. So how much will you save by replacing your old windows with more energy efficient ones? According to the Energy Star Website, new windows can lower household energy bills by 7-15 percent.

So let’s do the math. According to the U.S. Energy Information Administration, the average power bill in the U.S. in 2011 was $103.67 (Some of you are probably saying – I WISH!). Assuming your windows cost $8,750 (middle of the range)  and you lowered your energy bill by 11% (middle of the range here, too) or $11.40 a month… from a strictly financial standpoint you would be saving just $136.80 a year for your nearly nine grand expenditure. Not exactly a stellar investment decision in those terms.

But is it all about the money? New windows add comfort, minimize condensation, increase natural light, reduce fading and will overall add to your home’s curb appeal – which helps improve a home’s value. New windows that lower energy consumption reduce greenhouse gas emissions from power plants and shrinks a house’s carbon footprint. That’s all worth something right?

We can’t tell you what to do – but before you purchase all new windows or make any major purchase to aid in energy conservation  – you may want to determine how your house stands up in an energy audit. Perhaps there are other ways to reduce your house’s carbon footprint that doesn’t smack so much.

If you are house hunting and worried about replacing windows on your new home, consider a FHA 203K loan* – the fixer upper mortgage loan.  This loan program allows you to finance the cost of home repairs into your mortgage loan. Click for more information on FHA 203k loans or contact a licensed mortgage loan officer near you.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

*Programs subject to change and dependent upon credit approval. Contact your Inlanta Mortgage licensed loan officer for program details, requirements, and eligibility.