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Updated about 4 years ago on . Most recent reply

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6
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Brennan Bogdanovich
0
Votes |
6
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House Hacking w/ Medical School?

Posted

Hi all! I am new to real estate investing and have listened to about 24 episodes of the Bigger Pockets Podcast now. I recently graduated from college with a biochemistry degree and am working as an EMT in North Atlanta with the hope of getting into medical school. 

I believe my first investment will be a duplex or a triplex. This will be in whichever city I get into medical school next August 2021. I currently have a steady source of income from working multiple jobs and am living at home to continue saving money. Josh and Brandon have talked about it being much easier to get a loan while I have an income. I have two questions: 1) Based on limited time availability, is this type of house hacking a good first investment? 2) If so, would it be advantageous to seek out a possible FHA and 203k loan before I stop working (to enter school)? I would also have to take out a loan for schooling and some living expenses. Thanks!

Best, Brennan  

Most Popular Reply

Account Closed
  • Realtor
  • Atlanta, GA
19
Votes |
42
Posts
Account Closed
  • Realtor
  • Atlanta, GA
Replied

I think this is the perfect time for you to ask yourself what you are trying to get out of your life/career? If you are after financial freedom and freedom of time, is spending hundreds of thousands of dollars and years of your prime time going to medical school really going to give you that?? I think if you are truly interested in real estate and investing then it will be much better for you in the long run to spend that time and money on real estate right now rather than med school. You will be able to propel your life forward rather than drown yourself in debt and even after becoming a successful medial professional, I doubt you will have the type of freedom of time that you can achieve with real estate.

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