All Forum Posts by: Alex Waite

@Mark S. Fisher

I would like to check it out. Can you share the link?

To continue this discussion, do you think millennials should house hack or live with their parents?

House hacking will build skills and equity while staying at home would (ideally) save more money (utilities, food, consumables). IMO running numbers would be needed to make this decision. What are your thoughts?

@Josh Bakhshi

I totally agree that most are probably not thinking about the possibilities of saving and setting themselves up. Assuming the millennial went to college they are used to living by themselves and moving back in sounds rough. Obviously parents need to be willing to let them stay!

I want to start a discussion about millennials living with their parents. In the past, once people graduated high school/college they moved out and it was socially embarrassing living with your parents. Now times have changed.

I think we can all agree millennials who live with their parents to save up for their financial future is a great idea. Paying off loans or saving up for an investment property are great ways to set up for the future.

However, how long is living with your parents too much of a burden/socially acceptable?

1) What is the age of the parents?

2) What is the age of the millennial?

Let me know what you think!

Hello, 

This is my first time posting in the forums. However, I have been researching methods, listening to podcasts and reading articles here on BiggerPockets. 

I am a recent college graduate with little capital and loan repayments starting soon. My plan is to get buy a small multifamily house in the Midwest or cheaper areas in Pennsylvania (Currently I live in Richmond, VA which is hard to find a deal) and rent the other units out. From my understanding, FHA Loans require a two year employment at the same company.

So here is my question, if I land a job in the Midwest that pays well and I could pay the mortgage even without renting the other side out, I would fail to qualify for the loan. Is there any way around two year employment or do I have to keep the same job for two years and then apply for the loan? Simply asking, do I just have to wait and then begin my real estate career? Thank you in advance. 

Hello, 

This is my first time posting in the forums. However, I have been researching methods, listening to podcasts and reading articles here on BiggerPockets. 

I am a recent college graduate with little capital and loan repayments starting soon. My plan is to get buy a small multifamily house in the Midwest or cheaper areas in Pennsylvania (Currently I live in Richmond, VA which is hard to find a deal) and rent the other units out. From my understanding, FHA Loans require a two year employment at the same company.

So here is my question, if I land a job in the Midwest that pays well and I could pay the mortgage even without renting the other side out, I would fail to qualify for the loan. Is there any way around two year employment or do I have to keep the same job for two years and then apply for the loan? Simply asking, do I just have to wait and then begin my real estate career? Thank you in advance.