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Updated over 6 years ago,
Young College Student Looking for Advice to Make First Deal
Dear BiggerPockets,
I'm new I've always wanted to do real estate but recently made the commitment to decide to take action this year with my first deal being a house hack with a multifamily property.
I'm a 21 year old junior in college. I have around 25k in cash and I have around 680 credit score (currently improving) with a part time job (20 hours/week). I want to actively work towards my deal as fast as possible but i'm unsure if I'll exactly be able to qualify for a conventional loan with my lower score and lack of a full time job. The second option is seller financing but I'm not sure how exactly that process works. If anyone has been in my position or has any advice on how to get started I would very much appreciate it. I really want to pursue financial freedom and I know the 1st deal is always the hardest step.
Best Regards,
Brian Tran