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Updated over 5 years ago on . Most recent reply

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7
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Adam Hoak
  • Rental Property Investor
  • Tulsa, OK
2
Votes |
7
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Should I get started in Rental Property investing?

Adam Hoak
  • Rental Property Investor
  • Tulsa, OK
Posted

BP community,

I am starting my first job in the coming month upon graduation from college. I would like to get started in real estate investing so I would like to do a house hack starting out. However, I will only be in the Dallas office location for a year or so and then move to a new location.

Should I consider house hacking knowing I’ll move in a year? Or what recommendations do you make for getting started?

P.s. if there’s any Dallas people reading this. I will join the Dallas Real Estate Association to get more involved when I move to Dallas.

Thanks!

Most Popular Reply

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6,241
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3,800
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Aaron K.
  • Specialist
  • Riverside, CA
3,800
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6,241
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

Well if you have no income history you may have trouble qualifying for a loan in the first place also, most DFW area homes are going to be more expensive than homes in OK so make sure you've factored that in as well.  Is it a bad idea in theory? No.  Is it going to be difficult to execute in practice without income history? Yes

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