House Hacking in College

[Joseph Levesque]

I am currently a Senior in high school, and am considering various ways that I can start investing in real estate while I’m in college.

One idea I’ve had and am interested in is buying a house near campus, living in one room, and renting out the other rooms to other college students for a little less than traditional student housing. (house hacking). I’ve run the numbers on multiple houses, and it looks like this could work if I can get all the rooms rented out.

If anyone has any experience renting by the room to college students, I would greatly appreciate your input.

Do you think this would be a good idea for me in college? Would this work realistically? What are some potential problems I may face? Thanks!

[Steven Foster Wilson]

@Joseph Levesque this is exactly how I got started. My sophomore year of school while I was at OSU campus in Columbus OH, I bought a duplex that was a 3 min bike ride to campus. While I was there I rented to my buddies and renovated from top to bottom the whole place. I then rented it at top dollar and refinanced. I then had enough money to go buy my second property!