College Duplex

1 Reply

Deciding to give a 4 year University a try, I realized that I can do Real Estate in college. Personally, I STRONGLY believe that college will be the worst investment; in terms of financial debt, I will do. Its not that I have something against getting an education, but there is no degree that I find will translate into a future I can live with. I've grown out of the mindset that Real Estate is all about money. Meeting people who have the same passion as I learned is A LOT better than meeting people I don't share much with. But back to the point;

During my freshman year of college, I want to purchase a duplex near my University. I found that I can gain passive income, and can get the first hand experience I need. and During my second year. MY ONLY PROBLEM is finding someone with the capital to pay the downpayment. Should I find an investor? a family member?

How can I make both parties happy and more money? 

How difficult is it to manage a duplex?

I had to like your post on "Personally, I STRONGLY believe that college will be the worst investment" just because I've had similar thoughts since graduating.

Your best prospect is probably a family member since you don't have any track record yet. Perhaps they can get on board and you offer to pay a certain percentage. Perhaps, a sfh might be cheaper and you can rent out each room. It might be more intimidating if you get some not so great roommates with you can take the 'I'm only the landlord' approach. Your tenants don't need to know you're the owner as well. Just make sure if you're living with your tenants you've got strong leases in place and rules set out from the get go. 

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