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Updated about 5 years ago on . Most recent reply

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Dreams of first rental property

Darius McCormick
Posted

I’m a senior in high school & have been putting much thought into what’s next for me. I am on the fence about going to college, but I am sure I want to do real estate. I would for my first step to be a rental property, however I don’t have the funds to buy one & have barely started to build any credit. Any advice or guidance would help.

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Nik Corbaxhi
  • Rental Property Investor
  • Stratford, CT
115
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154
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Nik Corbaxhi
  • Rental Property Investor
  • Stratford, CT
Replied

@Darius McCormick, you are very young and ambitious and that is great. Not many people your age are thinking nor taking the same initiative. 

While I agree with all of the other posts above, I would strongly recommend you to go to school, even if it is an Associate's degree and focus on taking classes that will make you understand the basics of real estate, accounting, appreciation/depreciation, interest compounding..etc. This can help you learn as well as network with people that might have the same interest as you. While books are great to inspire you and show you the ropes, you need to (1) understand real estate, terminology, and the basics for yourself, and (2) find someone that can guide you through the process and steer you away from failures. Good luck.

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