Buying Property for Masters Year CWRU

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I am currently a soon to be senior at CWRU planning on staying for a fifth year for my masters. I am interested in buying a multi family near campus (within a mile or two) for my fifth year. I realize that I can do the FHA loan. My scenario is that my current lease runs out July 31st, 2020. I am wondering if I find the right property when should I start closing and making real progress on it. Is there anyway to buy the property on a set date through a contract or something?

Let me know

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@Noah Mehrle Hi Noah, you can start looking in advance to see what comes on the market/what you like. Usually people close within a month of signing the purchase contract and take posession but theres always a way to work out a deal. You can even start looking right away and see if your landlord is willing to negotiate your lease terms (i.e maybe you can replace yourself with another suitable tenant).

Theres plenty of duplexes by CWRU, I did something similar and own a duplex by CWRU that i house hacked while attending jcu. definitely saved me a ton of money and has taught me so much! feel free to reach out if you have any question.