Buying vs. Renting For Grad Students

Dorms are out. It's time to grow up and enter the  world of renting or buying a home or apartment. If you're a grad student, in your junior or senior year of college, or med student looking to buy or rent a home, you have to read this article! Renting your first home or apartment is a daunting, intimidating experience...trust me I know from experience. Looking for rentals in Cleveland? Be sure to contact Reilly Properties!

There are few separate answers to your question.

First: buying or renting? This is more of an investment question. In most, but not all, situations buying is economically more advantageous.

Second: Could you get a mortgage loan? – talk to two or three local lenders (starting with your Credit Union) and see what they say. Your chances for a loan are probably small. But you will never know unless you try.

Third: Could you buy a house without a loan? Possibly – try for Lease Purchase or Rent-to-Own. Get a Realtor to assist you.

Read more: Should Grad Student Buy Home or Rent?

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