Large Student loans and house hacking

[Christopher Canzoneri]

Hello everyone, I am attempting to start my real estate investing journey but I believe my student loans will hold me back. I have 45k in refinanced private loans that I'm currently paying $320 a month on and 93k in federal loans that I am paying $0 on. These federal loans are in the PSLF loan forgiveness program. I need to make 109 more payments based upon my income (which was almost 0 last year because I was in grad school) and the remaining balance will be forgiven tax free (potentially 100k+ forgiven depending on my income). My payment will go up on these as my income increases but significantly less than if I was paying these loans off with cash. My issue is that I believe an FHA loan will not work being that 1% used to calculate my debt for my back ratio (1.3k a month debt). Also Homeready loans only allows 75% LTV loan on a 3-4 unit. I am trying to save cash as fast as possible by having a savings rate of over 50% but in my area (greater NYC) to save 25% down will take me many years. I am 28 and want to start ASAP. My income is 5k a month at a stable government job in Manhattan. I have 15k in cash saved(and growing by 1.5 a month) and credit score of 792(given to me when I refinanced my students loans) Does anyone have a sugestion on how I can start investing in real estate in my situation? Maybe someone has a different strategy or has been in a similar situation? I am hoping to buy a 3 or 4 unit to owner occupy and then after a year move to another multiunit or different strategy such as the BRRRR strategy. Thank you for your time and if you have any question or would like to connect please let me know!

[Christopher Canzoneri]

@Thomas S. I agree what you say but with the Public Student Loan forgiveness program my large federal student loan debt amount will be forgiven after 9 more years of payments based on my income. You suggest waiting 9 more years to start investing in real estate?