Purchasing first place after college

[Andy Scott]

Looking for advice. I recently finished school (I am 25 years old) and I started working my first full time job earlier this summer. I landed a pretty good job making around 75k a year. I’m still kicking it with my parents right now living expense free. However I have about 90k in student loans I just to started paying on. I want to move out by this upcoming summer so i would have been at home paying on my loans for about a year. I live in Cleveland, I want to get into real estate as soon as I can, should my first home purchase out of school be real estate driven (a shared duplex) or should I focus on finding myself a place I could see myself staying long term and then look to acquire properties after I’m loan free and more financially stable? Any tips are appreciated looking to get as much information as I can so when I want to make a move I’m educated. Also anybody know of any videos or specific podcasts I can listen to so I can learn more about the field?

[James Wise]

Originally posted by @Andy Scott:

Looking for advice.

I recently finished school (I am 25 years old) and I started working my first full time job earlier this summer. I landed a pretty good job making around 75k a year.

I’m still kicking it with my parents right now living expense free. However I have about 90k in student loans I just to started paying on. I want to move out by this upcoming summer so i would have been at home paying on my loans for about a year.

I live in Cleveland, I want to get into real estate as soon as I can, should my first home purchase out of school be real estate driven (a shared duplex) or should I focus on finding myself a place I could see myself staying long term and then look to acquire properties after I’m loan free and more financially stable? Any tips are appreciated looking to get as much information as I can so when I want to make a move I’m educated. Also anybody know of any videos or specific podcasts I can listen to so I can learn more about the field?

House hacking is a great way to get a rental property along with a roof over your head. Since you're in Cleveland you'll be able to do this on the cheap. Many options for you that'd cost you less than $5,000 out of pocket using an FHA loan.