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Updated over 6 years ago,
Take a pause with school to begin investing in real estate?
Hey guys, so I got out of the army not too long ago and get about 2k a month while attending school from the Montgomery GI bill, the only problem is that this income does not count at all when applying for a home loan. I have a 750 credit score and about 36k in stocks and stuff. I'm currently saving about 70% of my income monthly because I have barely any expenses. Anyways, I've tried alot of things but no matter what I just can't qualify for a place because I have no income. I drive for Uber every single weekend which brings in about 200-400 a week but its really not much. Also started doing Amazon Flex (delivering packages) but that's too recent to count. Anyways I was thinking of becoming a truck driver after I get my associates degree and using that income to qualify so that I can finally buy a fourplex and do some house hacking. Its either that or I have to wait 2 more years until I'm done with school because I don't have a real job. I'm worried about 2 things though, 1: will they let me qualify for a loan if I just recently got a new job as a truck driver? And 2: is it stupid to delay or change my education to get into real estate sooner? I want to major in accounting. I really want to start investing in real estate because all of my money is in stocks and I want my own place. I was thinking maybe I'd just take online classes to finish up my degree while I work full time as a truck driver.