Is it Feasible to Househack using Rent-to-Own in Boston, MA?

[Reina Phee]

I'm a Boston University college student, and I don't want to live in the dorms anymore, so I'm planning on using the rent-to-own strategy to find a place to stay as well as to use for househacking. I'll only have to pay monthly rent and an option fee to move in, and I plan to find tenants and charge them a monthly rent that will cover my rent and allow me to live there for free. Ideally, I'd find a more run-down place and fix it up a little so that I can sensible charge more for the rent. Once I graduate, I'll hopefully find a buyer who is offering more for the property than I originally planned to buy it for, that way, I can use the difference to pay off my tuition.

Will this be feasible in the Boston University area?

[Lien Vuong]

Ive never seen a R2O opportunity in the BU area unfortunately. This is not a zip code that the sellers needs to make those types of contracts with buyers when there's ready and able to buyers with cash to buy these units for investments unfortunately. Perhaps you can try in other nearby states.