College Student Real Estate

[Anthony Madia]

I currently live in New York and I will be attending University of Texas at Austin. I am looking to pay in-state tuition by my sophomore year and investing in a property is a great way to claim residency. Does anyone have any ideas for going about getting money making property in Austin ? Preferably, I am searching for a house I can rent with roommates and have positive cash flow each month.

[Brian Adzadi]

@Anthony Madia

Dude, I love your way of thinking and ambition. I wish I was like that at your age. Anyway, I would first try to get in touch with some real estate agents or pros that are based in Austin in this forum, if you don't, just start calling local agents that are around Univ of Texas. I would ask them what are laws, requirements and ordinances for turning a single family home into a rental property. Just be aware Austin, TX is a very in demand market right now and housing prices will more than likely be even more expensive around universities. So do not be surprised if your housing stock is limited or where some would need work around your price range. Either way make it happen man. Paying in-state tuition, while being a landlord and living nearly rent free? Freakin genius man, absolute genius.