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

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

Account Closed
Member since 2018 · 5 posts · 0 votes
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 · Member since 2016 · 7k+ posts · 7k+ votes
8y
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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  • Caleb Heimsoth
    Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
    8y
    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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  • Account Closed
    OP
    Member since 2018 · 5 posts · 0 votes
    8y
    I also do not have a full time job. I talked to a lender, and he said that I would need one or Id have to have someone co-sign on the house for the loan. I only want my name on it. Thanks guys
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  • Caleb Heimsoth
    Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
    8y
    Well looks like we commented at the same time. You can do seller financing or get a private lender but likely either of those will be tough. Hence best to wait until you graduate
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  • Pat HeidingsfelderBusiness Member
    Real Estate Broker · Biloxi, MS · Member since 2016 · 169 posts · 92 votes
    8y

    Good Luck @Account Closed to see if he has any properties up there that would be a good owner financed deal.

    [email protected]228-364-1818
    MS Coast Rentals4.880 Reviews
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