Needing a Home in Expensive Market

[Christine Mitchell]

No sure if this is the right place to ask this. I have a young friend, youth pastor and his family wanting to buy a home in the area, problem is the market is more expensive than what they can afford but need to stay here for the job. They currently own a beautiful home with the in laws but are selling it to get their own home.
Does anyone have advice on creative ways for them to get into a home? Rent isn't really an option as it is super expensive here.
Thank you, Christine

[Trenton Miller]

Have your friend look into house hacking.  There is a wealth of information regarding the topic here on BiggerPockets.  Best of luck!

[Account Closed]

Direct them towards an FHA loan if this will be their first property. Could also introduce them to a house hack (buying a multi family and renting out all units but one, which they will occupy). Plenty of information here on BP to dive into. Also, creative financing is an option, should they wish to pursue this I recommend researching a "Subject To" purchase or Seller Financing.