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Updated over 1 year ago, 04/07/2023
Buying a Property in College: Is it Possible?
I'm a senior at the University of Massachusetts in Amherst MA. Next year I will be entering my first year of graduate school and have 2.5 years total before I graduate with my Master's.
I've been educating myself on real estate investing for over a year now, I'm tired of paying rent and putting money in someone else's pocket every month, and in the next year I want to make the move to purchase my first property (hopefully a multifamily that I can house hack). Despite my status as a student, I've worked all four years of undergrad and saved up a good chunk of money (over 10k).
My credit is pretty good (750) and I have about 20k worth debt in student loans from undergrad.
Does it sound realistic to buy a property at this age? The biggest hurdle in my mind is financing, any ideas where to start with that? Maybe portfolio lenders? I'm going to be meeting with some agents in my area to see what's available. Any advice helps!