Advice for a Newbie Fresh out of College

[Michael Akinyemi]

Hey everyone, im looking to get advice on buying my first property (im interested in multi families) to house hack. Im 25 years old, im technically in college still taking one 3 credit course to satisfy my degree and officially graduate this spring semester. I was able to secure a full time position this year starting tomorrow making base 80k/year (remote). Im moving back home with family this week, to cut back expenses, pay off some credit card debt, and save up for my first house hack in the DMV (DC, Maryland, Virginia) area. My credit score isnt the best at the moment (669-686), but i want to use the next few months to build my credit score, and move into my own property before the end of this year. I want to know what steps i should take to work towards this, and advice from more experienced real estate investors and house hackers on if buying a property this year is a good idea given the speculation of a housing market crash. Also id love to hear from real estate investors in the dmv area.

[Joaquin Camarasa]

Try to get your credit score about 720 that usually is when you get the best rates.

Study the different kinds of househacks available in our area that work within your budget. Pick one. 

Get familiar with the home buying process and the contracts for a stress free process. 

Get familiar with property maintenance costs of the pricier items: HVAC, roof, water heater to factor in your budget when you start to see properties. 

As mentioned before, focus on covering your mortgage and wether there is a crash or not you will be fine.