All Forum Posts by: Leo Tamcsu

I am 19, Currently in college, have a 790 TransUnion score, never missed a payment on any of my debts/loans. School is all paid for by scholarships so all my debt is in 4 rental cars that my parents helped me co-sign with. I spend 5-6k on average on credit cards a month for my reselling business that I do too. Have had a job since 2019 at a restaurant. Have up to 30k I can put down on to a property. Obviously I want to leave my hometown and move around until I find a place I like, but I plan on doing a FHA and living there for a year with the other rooms either airbnb or tentent and once I can move out, will rent out my room. What would you guys do in my situation, what type of property, what are some good areas (Currently in Tampa)

Thanks

When I turn 18, I plan to get a 4 unit house and live with my friends, If I do a down payment of the conventional 3.5% and then split the rent 1/4 or even charge them more, what could go wrong, assuming I’ve known these people my whole life and would assume they are capable of paying there monthly rents

@Marc Desrosiers

How would you go about living with a tenant, wouldn’t most be uncomfortable with that?

Hey,

Read a lot of forums talking about house hacking and that it’s a really smart thing to do, especially for a cheap rent. So I wanted to ask as an beginner just getting into real estate, first off what is house hacking, and second, do all people getting into real estate do house hacking?

Thanks.