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Updated over 7 years ago,
Hello BP community :)
Hello everyone,
My name is Bart I was recommended to look into bigger pockets by RE investor Graham Stephan. I am a 28 year old nursing student currently in the Boise area. I'm looking to invest a recently inherited 10k into RE. My ultimate goal is a rental property in the BSU area. Right now I'm in nursing school, I make approximately 2k a month net. Take 1000 off the top for rent at my current location, still have the lease through 2018. So That leaves me with 1000 a month I can put towards a mortgage. I graduate in 2019 and will then be making 70 k start. My thought is to airbnb the place since it would be close to BSU and have renters year around. This would (hopefully) cover mortgage, HOA fees, maintenance etc. I still have to talk to mortgage lenders to see if I would qualify for a loan. (I've heard it is easier for first time home buyers) Am i jumping the gun too soon? Should I wait until I graduate to pursue an investment? I'm just shooting my thoughts out there to an experienced group of individuals like yourselves hoping to get some valuable feedback :) thank you!
-Bart