Financing rehab project...

[Chris Easterling]

So I was going to buy a house before I started college this fall, but the $900 house payment on a 120,000 house was just too much..but I have been thinking. I can get a private student loan in the amount of 15,000 per year. This loan can be, as stated on the website, used for ANYTHING as long as I am enrolled part time in school. I was looking at using it to help finance a rehab project on a house I have been looking at. Rehab the house, sell it, pay back the loan (or reinvest it), and continue that pattern. Just wondering if anybody has any advice, suggestions, etc.