House Hacking and Getting Pre-approved (Westchester, NY)

[Matthew A Tracy]

I'm about to graduate college and am looking to get started in real estate as soon as possible to begin building passive income. From reading some bigger pockets books, I've gathered that house hacking is one of the simplest ways to start. I'm looking to invest in Peekskill, NY and duplexes go for between $250k - $350k with a 2bd unit renting around $1900/mo. After I graduate, I'll be pursuing a career as a professional martial artist, starting with a 3 year apprenticeship (with a low salary) before opening up my own school. I really have two questions, 1) if anyone has found success in this market with either house-hacking or traditional investing? and 2) what can I do to improve my chances of getting approved for an FHA loan? I have good credit but I know that a low salary is an impediment to getting a mortgage. I appreciate any help and am very grateful for these forums. THANKS!

[Scott Wolf]

@Matthew A Tracy 1) Yes, you'll find many success stories on BP about house-hacking 2) speak with a mortgage broker or local bank in the Peekskill area.  I have a connection to a local bank if you want.