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Updated about 1 year ago,

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Mikal Morton
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College student looking for advice

Mikal Morton
Posted

Hey guys, I am currently a sophomore in college and have a brother in grad school. We both plan on going to grad school in Boston and are torn between the decision of potentially buying a 3 bedroom condo in Boston and house hacking it with a third roommate to help pay off some of the mortgage/expenses associated with the condo. Our other choice would be to buy a multifamily property with our money and rent out an apartment around $3,000 a month in the city while we are in school and potentially using some cash flow from the multifamily to pay some of this rent. Both choices seem to be net positive decisions but I want to hear advice from you guys to make sure I am making the right financial decision especially with current market conditions.

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