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Real Estate Deal Analysis & Advice

Dealing in College

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I would like to buy a small house when i transfer to my new college. EKU in the richmond kentucky area. Ill be 21 and im trying to save a down payment on a house no greater than $80,000. Then try and rent it out kepping the difference while living in the dorm. Is this feasible? Assuming i can get a mortgage. How would i determine how much the rent would be, i cant find a formula or anything on here. Thanks :groovy:

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