All Forum Posts by: Colby Zeller

Thanks for all the help !!!!

Ive been diving deep into house hacking recently, and it seems a big benefit of house hacking is qualifying for a FHA loan. If you live in a property for a year you can qualify for a FHA loan that allows you to put as little as 3.5 percent down. My question lies with what type of credit score/income history is the sweet spot for most lenders to approve you for this loan ? Ive had a steady paying job for around a year with a 670 credit score at the moment, I am only 21 though which may play a affect in a lenders opinion ?

Thanks for all the replies! This website is awesome so glad I found it !

I'm currently 21 years old and have just recently got into real estate investing. Throughout the research I've been conducting it seems a good bet for a first investment is too purchase a Duplex, or Tri-plex and to live in a unit yourself. What I would like to know is if this method is a good strategy for my first investment, or if i should take another route ?