No credit. No money. Lots of time.

[Account Closed]

Currently in college and I want to get into REI. I'm particularly interested in multifamily homes as I'd like to house hack. I currently live in Houston but I am interested in Seattle , Portland, and the DMV area. Can I qualify for an FHA with no credit? Should I continue to wait until I have the 20% down? My work history is not consistent do I qualify for a loan at all?

[Eric Goodman]

I would really think about if college is really what you want. Think about what you really want to do. Don't just go to college because it's the thing to do. There are too many college grads with debt that is going to take them half of their lives to pay off. If you're interested in real estate, start to study that and find the strategy that works best for you.

As far as credit. Go to your bank or a local credit union and get a secured credit card, and speak with a bank officer and tell them your plan. They can put you on the right card to help you build your credit. I'm not an authority but I do know you can buy a house without much money, but I think you are definitely going to need some credit down the road, and you might as well get started now. 

Find your passion and go for it. You'll learn more by action than by sitting on the sidelines waiting for the right opportunity. Find someone to work for on the side and learn all you can. Start small, I heard on one BP podcast about someone who rented his room, as an AirBNB, that pretty creative. If you really want to do it, you'll find a way.