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Updated over 7 years ago on . Most recent reply
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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
Most Popular Reply
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@Bart George, @Jonna Weber could help you better than I with purchase price expectations. Finding the property, is always the key element. But it helps to know what you are looking for. The Bench area of Boise isn't far from BSU and has a lot of older homes with duplex conversions. These often make great house hacking properties. Good luck with you search.