D1 Athlete looking to house hack

[Michael Dallas]

I play baseball at Jacksonville University and I am looking to kick start my real estate journey while I am still in college. I would like to buy a house and be able to rent it out to my teammates and once I graduate just alway have baseball players live in the house. My problem is that I only have about 10 grand saved up and I don't qualify for a loan. So my parents would have to co-sign with me which would then bring the down payment up to 20% rather than the FHA I wanted to use. Does anyone have some ideas that could start me on the right path to buying my first house in the next 6-12months. Thank you so much for your time!

[Benjamin Aaker]

Hi Michael,
FHA loans do allow you to have a cosigner. You'll still have to comply with their other rules. Can you make it work with the 3.5% down for an FHA loan if your parents cosign?