I'm new! - Waco, Texas

[Chance Shilling]

I am looking to get into real estate investing but I have two major problems. I have no credit history (I'm 18) and I have nearly no capital to begin investing with. So it appears that traditional mortgage methods are out of the picture for now (unless I can find a partner).

I have the advantage of being a real estate agent so I can find and access homes with ease, although finding the homes does no good if I can't purchase them.

Is it even possible to begin investing in real estate at this age with no capital or credit history?

[Roger Laughary]

Welcome. Everything is possible. Start bundling your credit immediately, and save every dollar you can. You need a 620 FICO to purchase a home in most cases. You need little to nothing down to buy your first owner occupy that you can build sweat equity in and "house-hack". Buy a fixer upper then do a refi-cash out if you can find a good enough deal. Or just sell it after two years and make a ton of cash with no capital gains. I promise if you out your mind to it and learn, you can do it. Good luck.