All Forum Posts by: Brayden Stevens

I am 21 years old and hoping to House Hack within the next year. I am a full time student and therefore can only work part time. I currently have no debt but multiple lines of credit open, and I am well on my way to having a 3.5% plus down payment. Since I am a full time student, I work part time and make about $1,500 per month. My big challenge is my Debt to Income Ratio in order to get a FHA loan. I would have to find a rental property with about $500 mortgage payment which is not easy in my area. How can I include rental income in my DTI before I own the property?

Any other suggestions on how to house hack with low income or other best strategies?

Thank you!

@Rich Rodman , I have had the same question. I am a college student saving to do a house-hack soon. My Economics professor is predicting another downturn in the economy soon. For the seasoned investors, should I be worried? Should I wait to invest? How much equity should you have in an investment for it to be safe during a market downturn? Thank you

Thank you Becca Summers. I love listening to biggerpockets podcasts and reading material, but they all seem to be in much cheaper areas of the country. In your experience are rents sufficiently high in Utah to make the mortgage payments on Utah's expensive investment property market?

Eric, thank you for your reply, that helps a lot. With college expenses, I can't buy a property that won't break even, but I'm determined not to put off starting my portfolio. Thanks!

Alexa, I am looking for Multi's. Anything in Salt Lake County is what I am looking for. Some of the Multi's have been on the market for a while but just aren't good deals. Finding something in my budget in Utah right now is being very difficult. Good Luck!

I want to begin my Real Estate portfolio by house-hacking during college. My university is in the Salt Lake City Utah area. It is a great place to live and go to school but right now it is definitely a sellers market. I am nervous about buying while home prices are so high but I don't want to wait potentially for years to have a better buying market. 

How can a buyer be successful in a sellers market?

How would I tell when there is a better buying market?

Should I postpone investing while home prices are high?