Full time college only work part-time. Please Help!!!!!!

[Account Closed]

Hi, I'm new to Real estate, I just got out of military and currently attend full-time college using GI-Bill so I am collecting around $2k+ for BAH and only working part-time. I've been saving enough for the down payment, but I can use VA loan 0 down also. My plan is to buy a SFH or a duplex for house hacking. The problem here is my income from part-time job is not a lot, and not stable, my BAH is not considered as income. I don't have anyone to Co-Sign, What should I do to get a loan? Is there any strategy for investing as a college student? I really want to invest as soon as possible, but I also want to finish my degree (~4 more years). Should I keep saving and wait until I graduate from college then work full-time and then invest? Please Help

[Jonathan Bombaci]

I'm a real estate agent and help First Time Home Buyers in similar situations in MA. Given your situation I would look for a 4 unit property. You can qualify on a residential loan up to 4 units. They'll use 75% of the rental income from the 3 of the 4 units, you plan to live in the smallest cheapest unit, to help qualify you for the loan. I've had Bartenders and low income earners qualify for 3-4 family homes when we couldn't get them qualified for a cheap condo because the rental helps so much when it comes to the qualification ($50 per month rent = $10,000 for the mortgage). 

Talk to a local agent that specializes in multi-family homes and see if you can find a 4 family property that was on the market in the last 6 months that is showing market rents. Send that to your mortgage lender and see if they'd be able to get you to qualify for a loan on it. If yes they you have a plan, and know what to look for, if not then you're at least establishing a network for later use.