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Updated over 1 year ago,

User Stats

5
Posts
1
Votes
Benedict Aurelius
  • New to Real Estate
  • New York City
1
Votes |
5
Posts

Waiting 2 Years Before Investing

Benedict Aurelius
  • New to Real Estate
  • New York City
Posted

So, I am eighteen years old, and I am taking a gap year working as a real estate agent to try and get a head start on my investing. I want to start a real estate investing company by around this time next year with the money I will have saved from working; considering I live with my grandparents who are willing to let me stay here free of expense, I don't think it is too lofty a goal. However, I am unfamiliar with the process of lending to a LLC. I know that if I were to buy the property in my name, I would have to show 2 years of tax returns, which of course I will not have until I am 20 years old. My question is whether I should postpone my investing for 2 years, or if it is possible to find a bank willing to lend to me with the tax return history.

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