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Updated almost 5 years ago on . Most recent reply

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Ethan Barrett
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Does anyone have any tips for a 20 year old starting off?

Ethan Barrett
Posted

Hey guys, I am a 20 year old collage student who is finishing his degree next year, it’s an economics degree. I plan on getting into property and deviating away from a 9-5 job. Does anyone have any tips for getting started?

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George W.
  • Investor
  • New Jersey
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George W.
  • Investor
  • New Jersey
Replied

You're going to need a decent paying w2 job to get pre-approved for a mortgage. 

start budgeting and saving as much money as you possibly can. Build your credit but dont go nuts with it. Dont buy any big ticket items like a car on a loan. All a car loan does is depreciate and give you a higher dti.

Getting away from a 9-5 job can take a while but it is achievable if you are able to budget wisely and work hard. 

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