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Updated over 7 years ago on . Most recent reply

User Stats

39
Posts
2
Votes
Noah Wood
  • Real Estate Investor
  • Maineville, OH
2
Votes |
39
Posts

Establishing good credit

Noah Wood
  • Real Estate Investor
  • Maineville, OH
Posted

Hello,

I am 18 years old and trying to start investing in real estate, but I am struggling with where to start out? I don't have a established credit so my question is what are some good ways you all use to boost your scores? I plan on getting a few credit cards here soon for expenses like gas and food. I would like to hear some other ways I can establish my score and get it raised fairly quickly so I can have more options with investing! 

Since I do not have credit is their anyway I could still invest? Maybe with private lenders and doing flips? Not sure if that would be the best route as I am fairly new and don't want to dig myself a hole I can't get out've. So please feel free to drop any knowledge you have it would be much appreciated!

Most Popular Reply

User Stats

4,365
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1,248
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Manolo D.#3 Contractors Contributor
  • Contractor
  • Los Angeles, CA
1,248
Votes |
4,365
Posts
Manolo D.#3 Contractors Contributor
  • Contractor
  • Los Angeles, CA
Replied

Noah Wood You need to be bird dogging, and partner with someone who does flips, bring the deal into the table. You can as well as wholesale the deal with a voluntary participation like be the errand boy for the flip, you can ask for gas allowance or something. Either you have money and credit, or an amazing deal, or you do sweat equity. For credit cards, start with Discover, at first they gave me a 700 credit limit which i grew.

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