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Updated about 2 years ago on . Most recent reply

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49
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Jace Perez
  • Long Island NY
17
Votes |
49
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How do I get started

Jace Perez
  • Long Island NY
Posted

Hey guys, I just turned 18 and I recently started learning a lot about real estate, I want to have my first property by the time I’m 20, as of right now I have a job and I am also doing other things to make some extra money. What would be the best things for me to do in order to get a property by the time I’m 20?

Most Popular Reply

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,686
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1,587
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Jace Perez, while it's not the case for everyone, however, at your age and the fact that you're just starting, your first property should be a house hack. Start researching this investment strategy asap! I also advise that you read "The House Hacking Strategy" by Craig Curelop and "Set For Life" by Scott Trench. You're already on the right track by securing employment and your strategy of buying by 20 is realistic if you stay with your current employer. Lenders like to see at least two years of employment. Moreover, for your basic but essential advice; save religiously, build your credit now that you're 18, limit unnecessary debt, etc. Hope this all makes sense and helps!

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