Should I wait to begin my first house hack??

[Noah Ondike]

I’m fresh out of college, living with my parents. Making 40K a year, with about 13k saved up (already been pre-approved for 150k loan), and I want to house hack. However, all the houses in my price range are either newly renovated 2 bed 1 bath and located in very bad areas or are 3 bed 2 baths in desperate need of rehabbing also in bad areas. If I jump in the market now, and interest rates continue to increase, will I be making a bad investment? Any advice is appreciated.

[Benjamin Sulka]

Noah, 

I concur that getting into this game as young as possible is the goal. I'm in a similar situation and I'm looking to buy a place early next year and it's difficult to predict what is going to happen with interest rates. I want to start pursuing my strategy quickly but collectedly. 

Don't rush into a decision. I like what Danny said above by finding a somewhat distressed property in a good neighborhood that is up and coming. Definitely do not want to start in a bad neighborhood. 

Good luck!