I haven't been on in a while so I guess I'll break the ice again.
To those who have house hacked (particularly as a student), how was your experience? Did it get in the way of school at all or is it not as bad as people say it is?
I'm going to be moving out of my parents house soon for college (I'm 23) and I really don't want to rent unless I absolutely have to. I have enough saved for a down payment and closing costs. I understand there are risks involved and being a landlord is a full time job; but what I wanted to know is if it's as bad as naysayers say it is.
My dad thinks I should do it and said he wishes he did that when he was young. However, my uncle and girlfriend think it's a bad idea and I'm throwing out my money. Any input is appreciated!
If you’re a full time student you’d need someone to co sign the loan since you won’t have any income. Do you have someone who will do that?
I’m also 23 and own a couple rentals. I have no regrets so far. It’s definitely not as bad as naysayers say it is, assuming you use property managers
Caleb, I forgot to mention that I do have a job so I probably wouldn’t need a co-signer. If I still needed a co-signer I do have somebody
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