When you graduate, fill your space with another student and then buy another house hack while you get started in the business world.Yes, you should work the "boring 9-5" to generate income and qualify for loans.

when you buy subto you are taking title and like you point out getting second position money for the downpayment or equtiy .. ( entry fee new term kind of funny but I am guessing thats a Pace ism. )I agree with you these folks need partners not loans.

Purchase price: $320,000 Cash invested: $35,000 Sale price: $400,000 I bought this property from a wholesaler and used a hard/private money loan on the purchase.

Buying with a conventional loan is 1 way to buy.

Well Marcus since its U and me on this thread. ( and I cant believe more BP members are not interested in learning about these types of investments)  but anyway here goes.The property was originally optioned from the land owner who bought it in the 50s for next to nothing in today's dollars..The company that had that option that started in about 2002 also optioned it for 5 mil or so with annual option payments ( they were a large SFR builder as in larger Regional builder). come 08 and well that builder was one of many in the PDX market that had way to much inventory and the banks called most of their loans and he lost MILLIONS and pocketed much fo the last draws and actually decamped to Cabo and bought a resort at Cerritos beach that is still there today.

At this point, for the right house and loan, we'd move almost anywhere.

I also paid cash and we were apart 50k from what the appraiser showed and what the owner wanted. this was an off Market deal, I negotiated a 3 year 4% loan with the seller and.

Good advice by @Eric GerakosAssuming for a second it’s worth doing, remind him his broker price of 500 will be lessened by the 40k commission, and the bank will be making the money off the loan, not him.So try for 460-480 with as low a down payment as he can stomach and offer to split that payment into upfront and 3-6 months later.

Loan of $162,000 (SFH) is currently at 6.275.  

Interest rates for primary residence are typically about 1 percentage point lower than conforming investor loans so if you can buy a new primary residence and rent you current one out you will save a lot of money on interest payments.3.