Buying, maintaining, renting and later disposing of a piece of property can be very tedious. Are you prepared to commit the time, effort... and money upfront?

BTW do check out this simple calculator... to determine if its worth to rent or buy a property...

http://forum.lowyat.net/index.php?showtopic=470478&hl=

IMHO honestly for just 4 years you might as well rent and save yourself the trouble...

Alternatively you could rent a house and sublet it to enough ppl so you don't have to fork out any money for rent or utilities... Why fork over so much money to buy ??

This post has been edited by aaronpang: Sep 18 2007, 02:51 PM

TS just have to be smart about it... take the same contingencies as any good landlord would...

Put everything in writing...(even if its not legally binding) also think smart collect deposit 2months at least... put deadlines for rental collection and screen/background check potential house mates.

Get their parents/guardian contacts if anyone doesn't pay a friendly phone call should typically resolve the matter.

He can get the parents contact under the guise of emergency contact in case of emergencies bla bla bla...

Since he's renting and not servicing a loan the risks and liabilities are smaller and easier to manage IMHO.