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Updated over 4 years ago on . Most recent reply

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18 year old on buying first rental property

Justin Chercoles
Posted

About a year and a half ago I read rich dad poor dad and completely shifted my financial literacy on how to generate money. I have been saving every cent I can for about a year and a half by doing a lot of side hustles to make money (mainly cash). I have never worked an actual job because I can't stand them and with my mentality, I wouldn't last with someone telling me what to do all day. The problem I have encountered now is that I have enough to buy my first rental property (a little over 5 figures) but I don't have the 2 years income tax to back me up for a loan so I'm in a bit of a dilemma. Also, I just turned 18 (Still in Highschool) and want to become a real estate agent. I've been doing a lot of studying and I'm currently waiting to graduate Highschool so that I can get my diploma and become a real estate agent (a diploma is needed in FL to become an REA).

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