18 years old- How do I invest ???

[Aidan King]

Hey everyone!

I've been learning a lot about Real Estate and have been reading books non-stop for weeks. I am moving down to Lexington in August for college and I want to make that area around the college my farm. The problem is I am 18, with about $10,000 in assets (only 6k I can use because I stored the rest in Roth IRA index funds) and have absolutely no idea where to start. I have about 9 months of having a credit card trying to build credit but I doubt that is enough but I'm not willing to put this off anymore. What should I do?? Btw I am looking to find good single family homes and either flip them or sell them for more. Thank you!!!

[Bradley Dosch]

Hey Aidan, awesome move putting some money in the Roth IRA and love your desire to get started! You'd be surprised how far $6k can get you when it comes to closing costs. I would go for a house hack and utilize some programs that allow you to put little down. NACA, Bank of America down payment assistance, FHA, 3% down conventional. Plus since you're in Cincinnati, I imagine home prices aren't too expensive. If you have a job, you should be able to qualify for a loan. If not, you could get your parents or someone you trust to co sign on the loan. Learn more about NACA and B of A and talk to a skilled lender to learn more about programs you can use to land your first house hack!