Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Jonah Rupe
0
Votes |
2
Posts

College Student Looking for Loan Advice for a Multi-Family

Jonah Rupe
Posted

Hey, I am a college student that will be transferring to Texas Tech in the spring. I'm looking to purchase a multi-family and try to house hack to live free. I am trying to figure who to go through to receive an FHA Loan. I have a 720+ Credit score, and do have a job and about to start a personal business. Is there any advice on what type of loan and how I should approach this?

Most Popular Reply

User Stats

1,035
Posts
1,025
Votes
Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
1,025
Votes |
1,035
Posts
Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
Replied

Lenders can correct me if I'm wrong but you can have a co-signer on a single family FHA loan but not multifamily. I'd get a 4-5 bedroom house, stuff it with college kids, sleep in the smallest bedroom. If you need a co-signer thats the way to go.

business profile image
Schwartz Realty Group
5.0 stars
75 Reviews

Loading replies...