Currently, I am a college student and looking to buy a house so I would be able to rent it out and then later on sell it for profit. The location of the house I am planning on buying is around the campus of UC Riverside. There are currently brand new houses that will be selling from the low $500,000. I was planning on putting a small amount for the down payment, then getting maybe a 30-year mortgage, and with the money renting it out to students I would be able to use that money to pay off the mortgage.
Because there are big risks with all the money involved and complications that can occur, I need all the advice and help I am able to get.
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