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Updated over 9 years ago on . Most recent reply

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Tarek El Souki
  • Katy, TX
0
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6
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How obtain money for your first investment if your 18?

Tarek El Souki
  • Katy, TX
Posted

I am Tarek, 18 years old from Houston. How do you obtain money to get started on your first investment. Also, if anyone has tips on how to get started with building your credit. For the moment I currently dont have any credit cards, or any credit. Any tips on that would be useful too! 

Thanks in advanced, Tarek.

Most Popular Reply

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99
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38
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Ralph Hunter
  • Cary, NC
38
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99
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Ralph Hunter
  • Cary, NC
Replied

Besides a credit card, a car loan is a great way to build credit. It shows that you can handle a loan and make the payments on time. 

@Russell Brazil nailed it. Save every red cent possible. No matter how good your credit becomes, if you do not have a down payment you cannot do much at all.

Parents and other relatives (like rich granny) are great sources of capital and partnerships. You can also look into getting a job in real estate. This will give you some practical experience that will definitely help you down the road. 

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