Guidance and general questions

[Brady Robertson]

I want to purchase my first property in the next year or two but not sure on if the timing is right because of my current situation. I am 25 years old, currently have student loans to pay back, and live in the downtown area renting on a monthly basis. Basically, I'm asking if I should try to clear my debt first before making the move to purchase a property? Also, would it be smart to keep renting while also have to pay a mortgage on an investment property? 

I am looking to either BRRRR (I'd live in the house for a couple of years) or househacking, however my girlfriend lives with me and I don't think I could sell her on another person living in the same area.

I am an open book, please fire anything my way if you have any advice. 

[Ben Firstenberg]

I'd pay off the debt first if you can. Student loans and credit card debt are the worst. They'll just keep dragging you down if you let them. 

In your position, it seems like house hacking would be the best play. Reducing or eliminating your monthly rental payment would be huge. Then you can start saving up a lot faster to do your next deals, which could definitely be a BRRRR if that's what appeals to you.

As far as your girlfriend... how would she feel about living with you in a basement in law suite? Or in one unit of a duplex/triplex/quadplex? Done right, you will hardly ever see the other people at the property!