All Forum Posts by: Kevin Dean

Hey Christian, it sounds like you may be in a better position than you think you are to make your way into real estate. If I were you I would do the following 3 things.

1. Continue to educate yourself through podcasts, books and real estate meetups. One easy tip is to turn your car into a learning machine: podcasts on 1.5X speed every time you're in the car will add up more than you could imagine. 

2. Continue to put yourself in a position where you are financially capable to qualify for a loan that fits your house hacking desires. This means keeping your credit score up, living frugally to build up a strong cash position even after you front the down payment for the house and keeping a job that will sustain you after purchasing the property.

3. Pick a strategy and go for it. Because you appear to be a younger single man, you're options are pretty limitless. As you have mentioned, you can target a small multifamily property, but could even go for a single family house, living in one of the bedrooms and renting the other rooms out to other college roommates. This is just two of countless possible strategies that would work for you. 

I know it can be a bit uneasy not understanding "the paper side of real estate", but don't worry, that's what the professionals are for. You focus on your one strategy, and let them take care of the rest. If you are able to get into school, my guess is you will be smart enough to coordinate properly with these professionals and get your first deal done. Best of luck!