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Updated almost 6 years ago on . Most recent reply

Minuit Spence's profile image
Minuit Spence's profile image
Minuit Spence
  • from Statesville, NC
  • Member since Mar 26, 2019
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Minuit Spence's profile image
Minuit Spence's profile image
Minuit Spence
  • from Statesville, NC
  • Member since Mar 26, 2019
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Minuit Spence
  • Statesville, NC
13
Votes |
19
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Starting Out

I have 1,500 and a credit score of 568

Minuit Spence
  • Statesville, NC
Posted

So I have $1,500 and a credit score of 568. How would I go about finding my first rental property. I’m a new investor with no real experience. What are some tips and to help me get on my way. 

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Kevin S.'s profile image
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Kevin S.
  • Accountant
  • from Tulsa, OK
  • Member since Mar 6, 2018
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Kevin S.'s profile image
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Kevin S.
  • Accountant
  • from Tulsa, OK
  • Member since Mar 6, 2018
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Kevin S.
  • Accountant
  • Tulsa, OK
349
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312
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Kevin S.
  • Accountant
  • Tulsa, OK
Replied

@Minuit Spence my tip would be to save, work on your credit score, and learn as much about REI (through reading books, BP, podcasts, youtube, etc.) while you do so. Only once you've got some liquidity saved up and a decent credit score would I recommend starting to acquire properties, but that is just my own personal opinion. Good luck!

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