21 Year Old College Student Looking to Buy First Rental Property

[Jake Benny]

Hello everyone, 

I hope this message finds you well. My name is Jake Berlin and I am currently 21 years old looking to buy my first rental property (I have 50k in equity.) I think I have the funds to buy a property but have a few questions and hope someone can point me in the right direction. 

1. I am wondering how to get a loan from the bank or a third party with little credit built up (I made a similar post about this a few months back and some people suggested looking into a dscr loan) 

2. Are there any emerging markets that I should be looking into that fit my budget? 

3. Are there any good places to look for single family houses besides zillow, redfin, ect...? 

4. Any recommendations on how to determine what my criteria should for my budget be would be greatly appreciated. 

[Account Closed]

Hi, great move as a college student to be thinking about investing in real estate. Check out Ohio people from all over the world are investing here. I have clients from all over the world investing in real estate in Ohio. Yes, where do you want to invest in real estate? You need a price point of how much you want to spend for and home and make sure you have money to fix up the property and an emergency funds free and clear just in case something goes wrong. Yes, get your financing in place example DSCR loan/financing ect. and speak with a Lender or your bank/financial institution about your finances and investing in real estate. Do you want a single family or multifamily properties? Online is the best place to look for properties and talk to a professional Realtor in the State that you want to invest in real estate. Please reach out if you have any questions. Best wishes!