All Forum Posts by: Daniel Chih

@Caroline Gerardo Thank you again for your input! She will be in school as well so no income from her. I guess that's almost to impossible to do 3.5% down for a house based on our income then.

@Dave E. Yes I agree 100% financing will bump my monthly mortgage payment much higher and in return would be more risky. I could wait until I start my full time job to start investing but I'm getting so impatient in getting into real estate.

@Caroline Gerardo I will be getting around 2k per month from the school as scholarship payment. My wife and I both have a credit score of 730. I also have a job accepted post school. 20% down is impossible for now since I don't have much saved up. I was hoping to do a FHA loan with a 3.5% down. I guess I'll just have to talk to a lender to get if it's possible. That's a good point tho. Living in a garage would be way too cold...

I'm on the same boat! Going for a master's degree and looking to house hack. It's a great idea living in a garage and rent out the rest of the house. In terms of financing, does the university pay you monthly as fellowship award? Usually schools would provide financial help for students in Ph.D or post Doc programs. If so, perhaps you could talk to banks to see if you could put less down.

@Caroline Gerardo Upon confirmation with financial aid, I can take out additional loans besides tuition to fund my living expenses. On top of that, I have a full ride scholarship too so tuition cost isn't a worry for now.

Hello all Biggerpockets investors, I have been educating myself in real estate investment and would love to start putting in some actions. I'm finishing up my bachelor's in accounting and going for an one-year master degree starting in August this year. I'm in Miami FL right now but will be moving to Columbus Ohio in August for graduate school. I thought why not to buy a property in Columbus to do house hack instead of renting an apartment from someone else. One thing that concerns me the most about this is that I don't have a whole lot of capital right now but I still can take out student loans to fund my first deal. I would love to get y'alls input on this. Is it a good idea to take out student loans to fund my first house hack?