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Updated 12 days ago, 11/15/2024
New to Real Estate.
Hello everyone,
I recently graduated highschool last June, and since then have been fascinated with learning to invest in real estate. I was so happy when I found bigger pockets, and since then have been binging like 5 hours every day while I'm working. My goal is to buy a rental within the next 6 months in the Cleveland area. I know that at 18 that seems daunting and really hard to do, but I have been learning alot and asking alot of questions from real estate investors I know. As far as financing a property, I have managed to save a good reserve of cash because I am working like 75 hours a week and watching my spending and plan to do both for the forseeable future. My question for you guys is how would you advise me to start. At this stage in the game I don't care much for money, I really want experience. I would like my first property to not be a real big rehab,I would instead like to have maybe some cosmetic problems that I could do myself and focus more on learning how to manage tenants and a property. Just wanted to get some educated opinions on what would be the best kind of property to invest in. Also, how to convince a lender to give me the money I need only being 18 years old, and if something like seller financing is a better option. Thank you so much for your help!