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Updated about 5 years ago on . Most recent reply

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19 But dont want to live life without financial security

Posted

I make a little over 3000 a month as a lead generator for a real estate group, (I'm pretty darn good at my job too.) I live with my parents in the Houston area and I want to start (as Robert Kiyosaki would say) minding my own business, and pursue real estate investing. Now Im about to start the process of attaining my real estate license in the state of Texas and using the income from my real estate agent career to fund my future investing, but Im also so excited to beging building my business that I don't want to wait. My question is simply this: is their any way for a 19 year old kid with no experience and no credit to start building assets and passive income in the business of real estate investing?

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113
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Matt B.
  • Investor
  • Chicago
51
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113
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Matt B.
  • Investor
  • Chicago
Replied

you should build your credit, it'll be harder to get a loan without it. You can purchase a single family home with a down payment as low as 3.5% - and you could probably get the 3.5% from a hard money lender - just make sure you have a plan to pay back the interest. 

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