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Updated almost 5 years ago,
First Time Investor - College Town
So I am a 19 y/o from Wichita, KS and I am attending college at Kansas State University. I have a little background knowledge in REI from a brief attempt at wholesaling properties in Wichita about a year ago.
After spending a year in the dorms, I learned of the ridiculous prices we are paying in the dorms and my first thought was to get a house and start house hacking!
I am running into the issue of having NO CREDIT. I am in somewhat of a time crunch as we will be going back to school in August and my buddies are almost counting on me to come up with the property.
I have already considered private funding to “go around” the banks and pay for the house that way, but I am here asking if anyone has any insight into what may be the best option for me in this situation. I have cash ready for a down payment, but not enough on my own to buy a property outright.
Any advice will help, thank you in advance.
Grant Bumgardner