All Forum Posts by: Leo Chun

I just added myself as an authorized user to my mom's credit card to start building up my credit. I'm going to be getting a credit card this year when I turn 18 and establish more credit. If I can't get my credit score high enough, my mom will most likely co-sign with me. Any suggestions to build it further or to build a better foundation for a loan?

Hey!

I'm currently 17 as a Junior in High School and next year in 2021 I will be going to college. I plan on going to UCSD and house-hacking in San Diego. I have been reading endlessly on topics of house-hacking and real estate investing such as "The House Hacking Strategy", and I'm extremely interested and completely all-in on wanting to do this RE strategy. IF I'm able to get an FHA loan of 3.5%, I can get a down payment easily on a (300-450k) house. My problem, though, is that I'm scared that I won't be able to find roommates or tenants and will be left paying the mortgage out of my own pocket rather than my tenants' pockets. I also am worried about extreme renovation costs that will exceed my budget. I don't have much connections within real estate and I have no real guidance. If you guys on this platform have any insight, suggestions, or recommendations for me, that would be amazing.

Thanks, hope to hear from everyone!

Hi, thanks for the reply! I'm reading the book now, it's giving me a ton of insight. Thanks for the recommendation!

Hello!

I'm currently a Junior in high school and have recently been investing all my time into learning REI. I'll be going to college next year (Applying + Hoping for UCLA), but I was wondering if House Hacking might be a good idea once I'm down there. I don't know much about Real Estate yet or anything about house hacking but it was a suggestion that was given to me by a local realtor.

Does anyone have recommendations, suggestions, or further insight on house-hacking in the LA-area, or house-hacking in general?

 Thanks, I appreciate it! Considering I'm so young, would a bank even consider giving me a loan once I turn 18? I've been mapping out a few plans of mine, and since I believe I'm going to college in SoCal (LA area), I want to try and house hack over there and see how that takes me. 

Do you (or anyone) have any insight or recommendations for house hacking when I'm in my first years of college?

Thank you for the insight, I highly appreciate it. I know it's going to be an incredibly hard and demanding journey, but I have the mindset to get me through it. I want to ask you how to find my roadmap of deals/homes in certain areas. How do I know where a good deal lies, what a good deal looks like, etc?
 

Hello!

This is my first post here on BP, I wanted to start my time here on seeking some insight. I'm 17 years old, I'm currently a Junior in high school and I recently got interested in finance, under the topic of financial freedom. Retiring early, living my life with full enjoyment is incredibly intriguing to me and I believe starting at a young age, investing fully in my education will get me there. I have been doing my best learning during this quarantine, spending hours reading and watching seminars/videos about self-improvement and investments. I believe that in order to get my full potential, I may need some of your insight for my journey and help me make some choices, and enlighten me with your expertise in this field. I am very ambitious and hard-working and I do the work and research when presented to me with value. 

I am asking the people of this forum to drop down some insight that I could use as a 17-year-old, jumping onto this investment, real estate, and financial freedom journey. If you are someone that could be of help to me within mentorships, I would love to contact you in any way possible, I'm always available, especially during COVID. Anything helps, suggested books, seminars, articles, or maybe some personal insight you can give me. 

THANKS!