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Updated almost 9 years ago, 02/29/2016
Is this possible?
I came across something that really peaked my interest and was wondering if there was a way I could make this work.
I am a college student with little to no money and have a bunch of friends who are trying to live in an off campus apartment next year. I've seen a lot of people on here talking about "house hacking" and was wondering is this is an opportunity that I could take advantage of. Obviously the goal would be to live in the property and have my roommates pay the mortgage. I am not necessarily concerned with profiting (if that's even a possibility) on the property, as I am just looking to own it all said and done.
I have a loan through my school that helps my pay for my current living situation, and was wondering if that was money I could use to actually make money for myself, in the long run, and put towards owning a home. Other than my school loans, I have a waiting job, which certainty doesn't generate enough cash to cover the expenses.
Is this crazy talk? Are there ways that this could be a possibility? Or is this something I should wait on?