How to get finance for your first rental at 18 years old

[Joe Mack]

So I am approaching my 18th birthday and once I graduate I plan on using an FHA loan and putting 3.5% down on a house hack. Here's the issue... I'll be 18, realistically the bank will need some credit history and reported income. So how can I get financing for my first deal? Yes i could partner with someone or even try to build my credit early? I'd love to hear what you guys think on how to finance a deal as an 18 year old.

[Amberly Jones]

Start building your credit ASAP. A local bank will help you open a credit card and start building your credit as soon as you turn 18, maybe sooner. In addition to credit, they will want to see income, so focus on getting a stable income going. The primary thing lenders are looking for is "proof of ability to repay".