Fault in House Hacking Plan

[Brennan Taberna]

Aloha all,

My girlfriend and I have a set plan to move to Washington in three years and start our real estate investing journey. Save as much money as possible and educate ourselves. That part is not the problem, the problem is, once we move to Washington, we won't have jobs immediately making it very difficult to obtain an FHA loan for our first house (triplex). We will most likely have other underlying problems that we have not come across yet. Do you suggest renting a house for a few months first until we have set jobs to get the FHA loan or is there a better route? Also, what other problems could we come across or what should we also take into account when moving from Hawaii to Washington to begin our journey? Any suggestions would be appreciated, mahalo!

[Chris Chantavong]

Do both of you currently have jobs here in Hawaii? Why not connect with a realtor in Washington and purchase the home prior to your move while you still have W2 income to qualify for the FHA loan?