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Updated over 2 years ago on . Most recent reply

User Stats

18
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18
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Jason R. Besanceney
18
Votes |
18
Posts

Getting my first property and more

Jason R. Besanceney
Posted

Hello, I am currently saving for my first house hack and want to figure out how I can begin to get involved in real estate as soon as possible. The market where I currently live is super expensive as most of California is so even affording a 3.5 or 5% down will take me some time to save for. I am a college student so kind of in a tight spot but I am stacking away cash. I want to know if there are any ways that I can get involved today to help 1: Generate income to put into properties and 2: if so what would you all recommend. I currently work for a w2 while doing school and I have a small landscaping business that I am getting running. What other recommendations does anyone have? 

Also, side note: When I attempt to complete my first house hack will I need a partner on the loan because of my income or will they qualify me based on how the property performs? I called a couple of banks and it seemed they would do both with the 2-year income history and the DSCR loan on how the property will rent. Thanks for all input! Just looking to see the best ways to increase my net worth and then park that money in real estate.

  • Jason R. Besanceney
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