College Student with no Job

[Jason Mayberry]

Hello, 

I am a currently a full time college student who is also investing in real estate. I'm just completing my first flip now, and would like to start generating some type of passive income. Right now i'm renting an apartment right off of campus but I would like to do some house hacking. Is it possible to buy a multi-family home, live in one unit and rent out the other few. I am receiving money every month that is not considered income (Military GI BIll, and Disability) therefore can't go conventional. Any ideas on how to get this done?

[Dan Mackin]

Get a mildly pay job for a few months to get qualified for financing. I don't know pricing in your area, but I'd figure out what pay to make so that I could make it happen. You don't always need to hack a multiplex. You can do it with any residential property. With non multi properties you just rent by the room. You'll have roommates, but it's a little different landlord relationship since you'll be living there. It usually keeps things a little more civil.