Getting Started at a Young Age.

[Myles Coles]

Im 19 years old looking to get started in owning some real estate. I need help getting started, what i mean by that is i need to know the steps i should take to get started as early as possible. Should i save money, should i talk to the bank? Im located in Los Angeles and ready to learn. Please help.

[Joel Owens]

The old saying the journey of a thousand miles begins with a single step rings true.

Make sure the steps are going down a promising path so you do not have to reverse course and start over again.

If you make good buying decisions then over time you will have a great compounding effect to grow wealth. First thing analyze how much income you make a year. Then look at your credit score. If you do not have credit yet work on getting it. Do not get student loan debt that you cannot get rid of unless you know exactly what you want to do for a career and demand and pay is huge to make college worthwhile. If you have high interest loans try to get the rate reduced or pay them off now to create more investible income.

If you are free with a job you could go work for an investment company to learn the ropes and eventually if you save up enough money they might partner with you on a deal to get going.

Hope it helps!