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Updated 6 months ago on . Most recent reply
![Jessica Eden's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3093913/1722963675-avatar-jessicae125.jpg?twic=v1/output=image/cover=128x128&v=2)
Discouraged, intending to become first time house hacking
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.
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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