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Updated over 4 years ago on . Most recent reply

New Member Introduction
Hi everyone,
I just joined BP about a week ago after getting inspired reading a few books and decided I'd rather build wealth than spend my whole life in the rat race lol. I'm planning to start REI with a small multifamily property that I'll house hack. I'm living in Nashville, TN right now and trying to choose a realtor to work with, so if anyone has recommendations for someone familiar with house hacking and first time buyers in this area please let me know!
I also have a few question if anyone can offer some insight:
Have you had trouble getting a mortgage if you have student debt?
What type of lender tends to be more open to first time buyers wanting to purchase a multi family?
Any advice for a newb? Please help
Thanks, I hope to interact more with this community when this is all over.
Hannah
Most Popular Reply

Hey @Hannah Robinson. Welcome to the BP community! House hacking is a great way to conservatively get into real estate investing. Mikael is exactly right about the debt to income ratio. If people had to wait to get a house loan until all student loans were paid off way less people would be buying houses! Best of luck!