Senior in high school... best way to build credit?

[Alden Tinder]

I’ve been looking at investing into real estate for almost a year now. I could pay cash but I thought to myself with such low interests rates why would I want all that equity tied up. I’d like to think I’d be able to get a loan somehow somewhere, is this possible with out a credit score? Maybe a larger down payment then the typical 20%? I plan on getting a rental something that needs a little work, but not too much.

I’m interested what people have to say or their experiences, thank you!

[Lori McClure]

Joshua is right on. I had to rebuild my credit after divorce and went to a credit union and got a "personal secured loan" at a 4% interest rate. What they did, which surprised me, I gave them cash to open the loan, they gave me a check because it was a loan. Win, win situation that I had no idea was going to happen.

I deposited the check in the savings account I opened to get the loan and set up automatic payments for the next 12 months so I didn't have to think about it at all. I did have to deposit enough extra for the interest and walked out the door. A little over a year later my credit score went from less than 500 :( to over 720 at this time.

Credit union have many benefits for there members, more so than a bank. Look into them and GOOD LUCK!!!!!