All Forum Posts by: Anthony Madia

 It was a friend of hers from HS.

It's like listening to myself talk 14 years ago. I bought my first place in college @Anthony Madia, the numbers worked easier back then where I had roommate in a 2/2.5 condo in West Campus to where I can get some extra beer money. Have you looked at condos or multifamily? Let me know how I can help or I can set you up with my guy in Austin.

Anthony, Carrie is spot on.  My daughter is going to UT and I looked in getting a duplex or small house for her to live in, have roommates and minimize expenses while she was at UT. As a long-term investment it might make sense, but if you plan to minimize costs, that is not the right path.  If you want to stay close to campus, you will be lucky to find anything under $500k and rents are ~ $600-$1200 per bed.  My daughter is in a 2 bed 2 bath with a roommate 2 blocks off of the engineering buildings and her half is $900/month + electric and water.  There are better deals the further you go out from campus, but then you miss out on the college life.  

Good luck at school and don't enjoy the college life too much!