All Forum Posts by: Daniel Dressler

Kylin,

I can relate to the position you are currently in. I am a tad bit further but still brand new basically. I graduated college last December in Florida. Some things that I know that is helpful to know getting started is to first have a few things. 1.) An income. Lenders will have a very hard time justifying lending to someone with no income. 2.) Good credit. Lenders want to know you are worthy of paying back your debt to them. 3.) Once you have 1 and 2, you will need a pre approval letter from a lender showing how much you qualify for. 

After those first 3 steps, its time to shop for and analyze deals in your target market. Know your budget and work well within it... you dont't want to stretch yourself too thin too early. Find a good realtor in your are that will be helpful in finding yourself a good house hack deal. That is currently the step I am at right now in Orlando. 

@Frank Patalano The most common and basic answer... fear. I’m sitting on a pre approval loan and money in the bank for a down payment. In the process of looking for a home that fits my specific criteria (I’m going to be house hacking since it’s my first one) in the Orlando area and am having a difficult time finding anything that makes sense for me. $220k is my pre approval amount but really want to try and not max that out. I ideally would like to find something that I can have my expenses paid for so that I can save up for another one within a year. Any thoughts?