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Updated over 4 years ago,
Young Newbie Looking to House Hack
Hey, I'm a 21-year-old real estate agent, and I am looking to get started in my personal investing career. I spent the first year after graduation from high school, completely diving into real estate learning from people, podcasts, and seminars. During the two years with my license, I continued my education and began to work with small investment groups helping them run comps, finding, and analyzing deals. After these three years of being involved in the real estate business, I am now ready to step out on my own with rental properties.
I live with my mom currently and I am looking to leave and go straight into property ownership (a man with dreams). I do not have a full time job, but I make about $600-$700/mo through side hussles (Bookkeeping, Small Home repair, etc.) I don't have much credit since I'm so young I just don't have enough history yet.
Now that all the background stuff is out the way, here is why I'm here. I'm looking to house hack as my way to get into property ownership, help with the cost of living, and start building my investment portfolio. My biggest issue is financing. Due to my age, lack of credit history, and no consistant income, I'm not the first person anyone wants to give their money too especially for the long term.
Is there anyway or any lenders who would be willing to lend money for my investment? Should I consider opening an LLC?