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Updated over 5 years ago,
How can a younge investor finance their first property
Hello guys and girls, I am just trying to educate myself a bit on financing. I am 19 years old looking to invest in real estate in the future (when I am educated enough). I have a good credit score as I never miss payments however my problem with the bank is I don’t have the “history” to be able to get a mortgage. I also don’t have much of a down payment.
Anyways I feel as tho my age might deter investors and banks. I have started a few successful businesses and have been constantly improving my financial literature after reading rich dad poor dad.
I am wondering what my best bet is to get financing when the times come. I was hoping to start a corporation when I get into real estate (for tax reasons and to protect myself a bit). Could anyone who has there real estate business incorporated answer this question: was it hard to finance your first deal and how did you end up doing it?
Any response is appreciated!