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Updated 28 days ago on . Most recent reply

User Stats

26
Posts
14
Votes
Dean Halpin
  • New to Real Estate
  • El Paso, TX
14
Votes |
26
Posts

Urgent - Need Advice (22 years old)

Dean Halpin
  • New to Real Estate
  • El Paso, TX
Posted

Hi everyone! My name is Dean and i'm 22 years old currently finding my way in the RE world. I would like to briefly explain my situation and want to hear your guy's advice on what i should do and what action i should take in order to maximize my time and investments. I'm currently living with my mother who is ill, i pay about $800 a month in rent and live in a small apartment with her. I'm actively working 3 different jobs while also balancing college (luckily my father was in the military, so i can schooling for free with the GI Bill). I currently have some credit card debt, and my credit score is not very good at all. 

My goal this year is to house hack a multi-family property with my VA loan (i served in the military). Only one problem.. my credit score is very low, and my mother is going through a Chapter 13 bankruptcy which worries me if she ends up attempting to co-sign on my future property. My first and obvious goal is to get rid of any debt and/or liabilities while cutting expenses, however, i was hoping if anybody knew any lenders i could speak to in the El Paso area that works with similar rough situations, and/or any investors who would be willing to give me advice on this situation. I always tend to keep a positive mindset, and have dreams and aspirations of being a multi-millionaire by the time i'm 35 (i'm 22 now). I need some advice/assistance, please feel free to DM me so we can connect. Also open to any meetups or zoom meetings!

Dean

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