Advice For Financing a Househack as a Young Investor

[Shawn Sullivan]

Hey fellow BP forums members! I am 20 years old and a new RE Investor looking to get into my first househack within the next year. Being young and a college student I do not make a ton over the course of the year, at least not a ton that is taxed. Currently I work a part time job year round and during the summer I work a full time job being paid by a family friend so I am worried about being able to show a steady income that lenders would like. So, I am not sure if I would be able to get approved for a FHA loan which I believe would be ideal for me. Maybe I could discuss getting someone to cosign on a loan with me? With that being said I am curious what ways others might recommend I go about financing a deal. Any advice and takes on my situtation will be much appreciated!

[Joe Mannino]

Having a cosigner or co-borrower would probably be the easiest route, if you can get one. If not I would then look into seller financing or potentially private money. I am currently 17 and I plan on having my dad cosign on a property for me my sophomore year of college.