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Updated almost 7 years ago on . Most recent reply

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19 years old trying to buy a house! Need help!

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Hey guys. My name is Jess Robbins. I’m from Hattiesburg, MS. I’ve been looking for a house to buy for me and 2 of my friends to live in during college. They will pay me rent and that will cover the mortgage. I have enough money saved to put around 15-20% into a mortgage, but I don’t know how to go about doing it. Please help. Ready to buy before school starts. I plan on renting it out to people after we move out at the end of college. Thanks guys

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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

Well you’ll need stable income to make this work. Are you working while in school? If not the next easiest option would be to get a parent or someone else to co sign the loan.

If neither of those options are possible I’d recommend putting this on hold until you graduate

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