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Updated about 5 years ago on . Most recent reply
Youthful Investing Advice
Hey! Just started on the app and wanted to get some advice. I'm a 20 year old young entrepreneurial college student who loves the idea of real estate investing . My father did it years ago before he had us kids and I really enjoyed hearing his successes . I've done a decent amount of reading/listening/learning about real estate investing and I believe and am excited to take serious action toward a first deal . Whats holding me back personally is that I think I'm too young to qualify for any type of financing. With around $9k sitting in the bank, I want to invest but just don't know if I'd be able to, especially in an expensive NJ market . I think lots of very young entrepreneurs are beginning to have a similar mindset and I would love to hear some advice directed at that sub 25 year old category who are looking to make that first deal . Let me know if anyone has suggestions for a young guy looking to join the real estate world . Thanks !
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Welcome @Jake Last to BP !!!
If you are unable to qualify for a loan you could have a relative to parents cosign for you depending on the parameters of your credit.As always there is hard money lending but that depends on credit and other parameters. At this time I think its best to pool money from family for the down payment or have someone co sign
any questions let me know I would love to help