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Updated almost 3 years ago on . Most recent reply

17 In Need Of Help Learning About House Hacking
Hello, this is my first BP Post I am 17 in Canada and want to learn to house hack through college and have my first rental property but I don't know anything about real estate. I just finished high school and taking a year off to earn a down payment. in my job right now I am estimated to make 25k-30k CAD but I don't know how much of that I could save, thankfully my parents are going to pay for my college fees so I don't have to worry about that I just have to worry about my living expenses, books and other stuff. I need help with where to start off like how am I going to be able to borrow money from a bank at 18 and build a credit score. I have also talked to my parents about this and I thought of putting it under their name but if they are going to buy a second house they will be needing 20% off to buy a house. I need help with where to start off and what can i do to achieve this.
Most Popular Reply

You seem like you're in a rush. Don't be. You need to focus on educating yourself (read books, watch videos, listen to podcasts, lots of googling, etc). This will be your foundation, don't skip it. Here are some suggestions:
Books:
The House Hacking Strategy, Craig Curelop
Rich Dad Poor Dad, Robert Kiyosaki
The Book on Rental Property Investing, Brandon Turner
Youtube:
Stephen Graham (building credit, real estate)
Ask Sebby (building credit)
Charlie Chang
Podcasts:
Bigger Pockets
House Hacking Success
Also, follow people that are doing what you want to do on social media.
Good luck.