My very first investment property

[David Gamble]

Hi Everyone my name is David Gamble and I’m a engineer students that has a year and a half left in school and I’m looking to purchase a multi family home which I’ll be living in one unit and will be renting out the other unit. I’m actually going on a engineering co-op this coming semester which will potential turn into a job offer after I graduate. When I spoke to a mortgage broker he stated that I should wait until I graduate to pursue a investment property because that’s not showing consistent income. Should I listen to him or should I keep pursuing investment properties now? He also said with the income I’ll be generating from my co-op I could afford a 200,000 investment property.

[David Gamble]

@Ned Carey with an engineering co-op it’s not consistent income because it’s non continuous rotation until I graduate and once I graduate then I’ll be a regular full time employee. So he’s saying during the semester when I’m not completely a rotation how will I be generating income to pay the mortgage but like you said the plan is to have the other units one or two units occupied.