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Updated about 10 years ago on . Most recent reply

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Elyse Cordeau
  • Tucson, AZ
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How old were you when you bought your first investment property?

Elyse Cordeau
  • Tucson, AZ
Posted

I'm interested to know how old you were when you bought your first investment property? How did you obtain the financing and credit needed to buy a property, especially if you bought a property when you were really young and had little to no credit.

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Elizabeth Colegrove
  • Hanford, CA
1,832
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Elizabeth Colegrove
  • Hanford, CA
Replied

We bought our first property at 23 and 24 respectively. We used a VA loan and a lot of "sweat equity". We bought our second and third rental at 24 and 25. We got our free wet with personal properties since they were the easiest. Now we self manage our properties. As discussed on our website our business model is about self management, turning personal properties into rentals when move or transfer and managing class A propeties. We buy houses we can manage long distance long term as we are hoping to use the money for early retirement at 42 and 44.

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