Is it possible to buy a house to rent out for BYU-I students in Rexburg ID? Is property tax higher for F-1?

Huong La
Home Buyer
83440

I am an international student with F-1 visa looking to buy a house to stay and renting out for other students. Is there any housing that is BYU-I approved on sale? And is the property tax higher for owner with F-1 students?

Answers (2)
Paull Bowen
Agent
83442

I believe that I can give you a good answer to this question. First of all there are a lot of married students at BYUI. You can rent to any of the married sutdents. That would be single family homes, duplexes, Condominiums, Town Homes or what ever. There are no restrictions at all on married housing. As for single student housing there are strict rules. Until recently there were a lot of older homes near campus that had been converted to Single student housing. Several of these properties are for sale but the University will no longer approve them for single students. Only complexes with 10 units or more will be approved for single students up to age 30. There are places where several of these homes could be purchased, demolished and a new complex built to meet the new standards. There are also some of these larger complexes that do come up for sale occationly but I am not aware of any for sale at the present time. The University is projecting a need for 3000 additional beds in the next 3 years or so. An investor looking to build should be able to do well. If you have any other questions please feel free to contact me. paul@countrywideprop.com

Tue Jun 2 2009, 15:54
Cortie Noud
Agent
Boise, ID
FIRST ANSWER

Try emailing Ron Coles, Ron had a home for sale that his son used for college, son just graduated in May 2009. r.e.coles@hotmail.com Boise, Idaho

Tue Jun 2 2009, 12:13

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