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Updated 6 months ago on . Most recent reply

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Jessica Eden
  • New to Real Estate
8
Votes |
7
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Discouraged, intending to become first time house hacking

Jessica Eden
  • New to Real Estate
Posted

Hey everyone!

I'm looking for a little encouragement/advice on my situation.

My goal is to house hack my first home purchase (because I simply don't see any other way to get into investing with my income). My issue is I have almost 60k in student loan debt, and my income fluctuates wildly between 22k-35k (most of which goes to my rent).

I'm feeling very discouraged that this can even be possible to purchase a home in my lifetime with my income being so low. I also don't have time/no one will hire me to pick up a second, part time job which makes in difficult to increase my income. My only option is to go all in on my business. 

I really want to get started on investing in real estate, but am I being completely unrealistic thinking this can happen? Any advise or encouraging words are appreciated.

Most Popular Reply

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3,337
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2,340
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Caleb Brown
Agent
  • Real Estate Agent
  • Kansas City
2,340
Votes |
3,337
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Caleb Brown
Agent
  • Real Estate Agent
  • Kansas City
Replied

Kevin has great advice. 22-35K annually is not sustainable to live on. The reality is a house hack will not fix that. You need to have making more income a priority. That can be doing side hustles, get another job or new one or whatever it takes. Once you have a better income and have money saved then do a house hack. There are a million ways to make side income so don't give up on that

  • Caleb Brown

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