Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
St. Louis Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

Account Closed
  • Bellevue, WA
0
Votes |
5
Posts

Financing advice-Grad student looking to buy a house in St. Louis

Account Closed
  • Bellevue, WA
Posted

Hi everyone,

I am starting graduate school at Washington University in St. Louis, Missouri in the fall. I am currently in Seattle and I want to buy a house in St. Louis instead of renting. However, I don't have full time work experience and I know this affects my ability to get a loan (only 3 six month internships while in college). I have about $6k in savings. What are my best financing options?

I am looking for advice on how to go about seeking financing to buy a house. Who should I talk to to get financing? How do you figure out what lenders are available and who to speak with? Also, should I be talking to banks and lenders in Seattle or wait till I get to St. Louis Missouri.

PS: My current plan is this. I use the rent money provided by my parents to finance the mortgage while I'm in school and either sell the property or rent it out after two years (when I graduate).

I am completely new to real estate investing and your advice will be very much appreciated! Thank you!

Loading replies...