Trying to get started..

[Zane Bradshaw]

I am so desperate to just get my first property.. The thing stopping me is the fact that I'm 18 years old, and I have no current income.. What can I do to get an income? How much would I need to make per month to be funded by say now a HML? Also, how many months do I need to have proof of income?

Another challenge I face is because of my age, I have no collateral.what can I do to get myself collateral against something like a $100K loan? 

Thanks

[Jay Barndt]

Hi @Zane Bradshaw While i wish i started at your age, do not get beat down by your position. you have limitless possibilities. you could -get a job to get money coming in and saving. -look into partnering with someone to help you get into the game. assuming you have not debt at the moment could be a great benefit or also hinder your starting. but as far as getting your first property have you though about doing creative financing? maybe call or stop by FSBO properties or call "for rent" signs and just ask if they would consider selling? my favorite type of deal is one that does not involve a bank.. just food for thought. without any REI ground to stand on you could/may have to get creative to get your feet wet. just don't be afraid to hear "NO" from people or make mistakes because everyone does. keep at it and don't give up. best of luck in your REI adventures.

jay,