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Updated over 1 year ago,
House hacking on student loans
Hey! Got a quick question and I'm curious to hear your opinions. So I'm 21, and just got back from a 2 year service mission for my church. Now I'm getting back into the swing of things financially. I'm attending college at a university but with a full ride scholarship, so I don't have to pay anything. I've been thinking about taking out student loans (even though I don't need them to pay for school) and using them to put a down payment down on a house hacking project. I looked it up and it is discouraged (obviously) but NOT illegal. I would go the FHA loan route and the idea is to start building equity at a young age, and get a little more experience in the RE realm. Let me know what you guys think, if it's plausible or just complete nonsense