Trying to but first property this year

[Braydon Barber]

So I will be going to school in September coming up here but. I currently have a pretty good job getting 27/h (cad)

I already have 12 grand saved up and am hoping to put a 20% down as mortgage insurance will suck me dry. I’ve come up with two options for myself and am wondering what’s the better idea, or if any of y’all got something even better.

A.

I purchase a house for me and my pals which would cost 160-200k ish which will be pretty much all my money which frightens me but might work out fine as I believe I would still have good cash flow and a place to live but my account would be drained :(.

B.

I purchase a cheaper house being around 100k and use the cash flow that it generates to help or pay for my rent at a house I don’t own :(.

I don’t know if either of these ideas sound good to you people of experience and I might just sound stupid but really just looking for advice out here

Thank you