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Updated almost 4 years ago, 02/18/2021
Becoming a landlord during college to get in state tuition?
Hi I’m charlie and I’ve just recently gotten into real estate investing last month. I currently go to SUNY Albany because it has the cheapest price for college (around 22k per year) and I get in state tuition because I live in New York. I’d like to go to college in Florida because it is so much nicer there and I hate the Cold. If I own or rent a property for a year in Florida, I can get in state tuition which would make my tuition go from 18 thousand to 9 thousand. Would it be a good idea to buy a multi family property and rent out the other properties so I can put down the property as my primary residence and get in state tuition? I’m going for nursing so I want to make sure the work load from managing the property isn’t too extreme. Would it make sense to do this or should I just rent a property to get the in state tuition. I’m 18 so it might be hard to get a loan but I don’t want to say I can’t do this I want to ask how can I do this