All Forum Posts by: Josh Knutson

@Josh Knutson Congrats on starting! Even if it is just learning, the biggest step is the first and I feel like when you start is up to you!

You can start now or later. If you start now you may have to consider looking at more creative ways if you are not able to finance traditionally (FHA or conventional) yourself unless if you meet most of the requirements and can qualify. This can include 2 years income & employment history, credit, how much you are able to put down & more. You may be able to cosign also - but then if you are house hacking you may want to consider the potential risks for the cosigner if they are apart of your family or if you find a partner. Can use creative financing like, private or hard money but you'll have to consider the costs. If you know the seller can potentially work out an owner finance deal. Overall there are a ton of options that can help you get started now, but you will also want to consider how much you know, how well of a deal it is, how well your business knowledge/experience it is, consider risks, etc.

It's definitely a learning experience. I would highly recommend starting to hop on here a lot more, learn, as well as go to a lot of investor meetups, start building as many relationships you can, maybe find a coach/mentor, start working a lil more for skills/experience, etc. while you are going to college. 

For a house hack, assuming you'll most likely rent to friends in order to split the costs which is great. You still have to consider your relationship with them, go over responsibilities and still treat it like a business if you are the sole owner & they are your tenants. Overall it is probably one of the best, easier ways to start, gives you & friends a place to live and so much more.