New investor looking to househack and BRRRR post college

[Sean McGrady]

Hey everyone! I am currently a college student with about 5k to my name. Am planning on moving out to Texas post graduation. Haven't decided on Austin, St.Antonio or Dallas area. My goal is to house hack a SF home and rent out the other rooms. My question is if anyone can tell me the number of capital to have when looking to buy a home to BRRRR as well while house hacking. I just need a number that I want to reach for when working throughout school. May be a stupid question, but when building capital do I need to plan to add the rehab costs onto the 3.5% downpayment I will need? Or will I be able to attach that to the loan I obtain? If anyone has experience or insight on the situation I am in feel free to drop a reply! Thanks for taking the time to read.

[Phong Tran]

@Sean McGrady I commend you on having a set plan for your post-graduate! You'll be ahead of the bell curve and ahead of your peers, no doubt. Texas is actually my home state and I can tell you right away that each 3 of those markets that you've mentioned are very different. So the first thing I'd do is figure out which market you want to be in! Aside from price, you should also figure out if the specific city you choose fits your lifestyle. San Antonio is much slower compared to Austin and Dallas. With Austin being crazy ridiculous right now, in terms of price. Once you boil down where you want to go then you can listen to all the great advice that everyone has mentioned in this post.

Good luck!!!