Updated over 6 years ago on . Most recent reply
College Student - 4 or 5 BR? Need advice
Hey everyone! I'm a 22 year college student trying to get my first deal. Before I get to my question, I would like to provide some background information. I start my senior semester in late August and I need to a place to live. I plan to buy a house, rent it out, and live in it for free. I'm looking to create sweat equity and sell when I graduate (unless it cash flows an adequate amount). A family member will be funding my deal since the local banks were not willing to lend to a college kid, understandingly, which was an awesome break for me. I for sure have one friend from school that will be renting from me. I live in a town of about 75,000 people (Rapid City, SD) and the area just created a new air force base, which bring in over 2000 families. So the market will likely stay strong for the next year.