1. Qualify for no down payment. Ask your lender (if you don't have one click here) if you qualify for the WSHFC down payment assistance program. This program gives down payment assistance allowing you purchase a home with no money down.
2. Purchase our 4 bedroom home Once approved, purchase one of our 4 bed homes. You can calculate your mortgage payment on this page. According to Rentometer, 4 bed houses in the area rent for an average of $2,175.
3. Rent out unused rooms Rent out the rooms that you do not plan on occupying. We found that on average a room will rent for $600. You can find people to rent on Craigslist, Air Bnb, Facebook, Hotpads, friends, etc. While the rents you charge over time may go up, your mortgage payment will not. 4. Live Rent Free The rental income your receive will pay for your mortgage while all you have to pay for is insurance and property tax. This method is likely cheaper than renting. In 30 years you will have a completely paid for home while not paying any of your own mortgage!