18 years old guy House Hacking in Dallas Tx.

[Diego Albany]

Helloo my name is Diego Albany and I am an 18 years old guy living and trying to seek a future in Dallas Tx.

I got interested in Real Estate in about 7 months ago and think about that I wasn’t even legal. My plan is to house hack in the Dallas area and I am looking for recommendations to execute my goal.

I am looking for mentors and people who have the same interests that I have to have a good time. Taking the time to have conversations with people about fun things like, investing and businesses are my passion

Any recommendations for House hacking for a newbie?

How is the Dallas area market right now ?

Thanks for taking the time to respond!!

[Spencer Abeyta]

Hello @Diego Albany, first off, congratulations on being interested in investing in real estate. Second off, do you have a job? If not, go get one ASAP. I say this part jokingly part serious because it is a lot easier to get into a house to house hack if you have money to put down and will qualify for a loan. 

As for house hacking advise, the best property you could find is a 2-4 unit home so that you can qualify for FHA financing or just a low money down primary home loan. From what I understand these properties are in high demand everywhere. So you have to make yourself stand out or settle on a close second best option, a single family home. I know people like small multifamily because they are separated from people they are renting to. But if you have a couple of trusted friends with jobs I find that renting out on a per room basic works just fine.

Find a way to bring value to the table and that will help make it more appealing for people to help you out. I started out in real estate around your age and I found people think that teenagers don't know what they are talking about, which is mostly true :P. But if you can educate yourself and be a sponge with information at your age, your will have a long and successful investing career ahead of you.