Euan Swan - Student

[Euan Swan]

Hi all. My name is Euan Swan and I am currently a student at Indiana University. I am studying Management and Entrepreneurship. I am trying to start my own businesses as I have always had a passion for entrepreneurship. I also have somewhat of a passion for investing. I know that investing in real estate brings good returns, if you invest correctly of course.

I am 19 years old though with little money (as I'm in college). I was wondering when the right time to start investing in real estate would be...and what amount of capital should I seek to invest in real estate, starting out as young entrepreneur? 

Thanks!

[Mindy Jensen]

Welcome to BiggerPockets, @Euan Swan. What a small world, my cousin goes to IU. Go Hoosiers!

I love that you are thinking about money at this age! I don't know what age you can get a mortgage. Perhaps your parents could co-sign? 

House Hacking would be a great opportunity for you, especially while you are still in college. Here is an article that Brandon Turner wrote about House Hacking. There are also at least 4 Podcasts on the subject.

If you could find a 4-plex or smaller, you could live in one unit while renting out the others. Four or fewer units allows you to get an FHA loan, which can be had for as little as 3.5% down.