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Updated over 6 years ago, 05/03/2018

User Stats

8
Posts
5
Votes
Nick Broce
  • Kansas City, KS
5
Votes |
8
Posts

Investing at a young age

Nick Broce
  • Kansas City, KS
Posted

I want to get into realstate investment and I am 22. Unlike many my age, I have a decent credit  (around 730) and about  $14k saved up. I made the goal of buying my first house or complex before I turn 24, and got a job as an apprentice to a general contractor who works on rental homes. I've been working there for 7 months so far and have about a year left to make my goal. I'm able to save nearly $1k per month. 

I've been reading books and articles, but the more I read the more I realize how much I've yet to learn; there's so many different ways to get into it. Given everything I've described, and the chance to start again at my age, what would you do to get started? 

Also, what kind of loan should I go for, and more importantly, where could I find it?

Note: I had a general plan of my first few houses being flips with me as the general contractor, then starting to buy rentals as I could. Thoughts on this? 

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