House hacking with no credit

[Tyler Brown]

I’m 19 years old and have wanted to invest in real estate for years and I’m finally getting started. I would like to start out by house hacking but the problem is I don’t see a bank lending me any money or anyone for that matter. I just got a new car co-signed with my dad so I will start getting credit, but I also haven’t had a job for more than a year and from what I’ve read a lender is gonna look at my past 2 years of tax returns. Basically what I’m asking is if there is anyway for me to get financed without having to wait another year or so?

[Jonathan Greene]

You are 19 with no credit and no job. Why would someone,i.e. a bank, give you money? You can't house hack without any money. Even if your dad laid out some credit and downpayment, what about repairs? All young people who want to be a real estate investor have to build their lives first, you don't get a shortcut of someone handing you money when you have no income and no credit. Build it up for a few years and slowly learn more.