All Forum Posts by: Janessa H.

As for college being worth it.. no, I don't think it was. Not at that time when kids don't appreciate education and how/ where it could really take you. Eventually I'll get into my career, but if I could give it all back and start over, even with classes I would do so 100%. I was too young to know what I want to be when I grow up. I had to take out a ton of money in private student loans. I didn't really understand how these things worked... the bank promised my repayment would be a couple hundred a month. Young, naive, and no one to tell me any different. I am moving now and getting roommates. Not my favorite idea, but my rent is literally less than half what I pay now! So I'll have an extra $500 a month. I make a good salary for living in the city and being 26. I have a career job worth good benefits. It seems like I'm starting to set things up correctly. I understand people give things up.. I sold my car and took public transportation for 6 months and it was a great idea. I just wanted to know other options, or a I supposed to live like this for another 10 years just to be out of debt while my peers are buying homes and having a family, even if they aren't financially ready.

@Chris Mason @Anthony Gayden

Thank you! I am just changing jobs now to eventually make a lot more money. I have endless overtime available and have been doing another job on the side to pay down some debt.  It's good to know I'm not in a hopeless situation. 

Thanks!

Hello!

I am very new to Bigger Pockets, but I found my way here because I am very interested in buying multi family housing for profit. Currently, I am 26yo, paying a lot of $$ in rent because I have a lot of student loan debt that I am paying and am unable to get house loan. About a year ago, I visited a real estate company to see if I'd even be able to purchase a small single family home. My friends were telling me their mortgages were $600 (or so) for a house, while I'm paying $900+ in rent for an older apartment with no parking, dishwasher, ect. However, my debt to income ratio is high and the lender said I wouldn't be able to get a loan with my numbers. I'm able to get car loans, but I'm not really familiar with all of my options for housing. My student loan payments are over $1000 a month and I am not able to consolidate, so I'm stuck thinking I'll have to rent for the next 20 years while I pay for school. 

I have some money saved, but just enough for an emergency fund... not thousands of dollars. I'm just like every other college grad, supporting myself and living paycheck to paycheck. Bills are all paid on time, but it's hard to save a large amount of money and still pay off bills. 

I'm looking for any suggestions/ knowledge/ advice. I know some people have found friends/partners to go in with them in buying a home. I haven't found that kind of friend yet :) but what can I do to buy a cheap house before I'm retired? 

Thanks! 

Janessa