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Updated over 7 years ago on . Most recent reply

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Brandon Smith
  • Youngstown, OH
1
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I need advice getting started

Brandon Smith
  • Youngstown, OH
Posted

I’m a 16 year old in high school and have seriously been considering real estate investing and have been trying to figure out how to get started. Is it actually possible for me to get started as a 16 year old or should I try to learn as much as I can before I become 18? Any starter advice would be greatly apreciated !!

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Brian Adzadi
  • Allentown, PA
404
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Brian Adzadi
  • Allentown, PA
Replied

@Brandon Smith

Most businesses (i.e mortgage companies) would want not want anything to do with you since you are legally a minor. Also since you have not established any credit history, creditors would not want to deal with you as well even when you turn 18. What I can tell you is this. Build up your savings from now until you are ready (when is that? Whenever you think so). Make Biggerpockets your second Bible, go through the forums, the podcasts, etc. Look up non-traditional financing options, cash out refi, etc. When its time to pull the trigger, you will be more than ready.  

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