Hey Jonathan! First off, congrats on completing your degree. I am a BBA graduate as well. Originally from Texas but have lived in the Sacramento area for 5 years now. I would say that you are off to a great start since you are on here already. I work for a mortgage broker up here in Roseville, so I can help from an investor perspective and lending. A great start would be talking to a lender to see what your purchasing power is. Based on your current income, DTI, credit score, etc. you will be able to know what price and/or mortgage you can afford. Just FYI almost any lender will still use 1% of your student loan debt as a default monthly payment amount when calculating your DTI. I am assuming that you actually have interest on them, they are just in deferment because of Covid? Also, you do not have to wait until you've worked 2 years. Just provide your college transcripts, and your current employment information. That will suffice for the employment qualifications sine your fresh out of college.
From an investment perspective, I also recommend what Twana said. House hack a duplex. That is currently what my wife and I are doing. We are in contract to sell our first flip, and will be using that to get into a duplex here to house hack. After we are a bit more familiar with dealing with tenants, we will begin getting more multi-families here, or put our money back in my home state of Texas. But, maybe that's not your best option. Maybe the cost of entry for a condo is all you can get. And that's fine if it's a way to get started. If you're living by yourself, you can even rent out other rooms. Also, FHA on a condo is dependent on whether or not it is HUD approved development just as an FYI, but that's something you can search on their website. In the meantime, feel free to message me if you have any questions. I am always down to chat about lending and investing.
