No credit history, how to build credit score fast

[Nathan Barshinger]

Hi everyone, I'm 100% new to real estate investing and I'm 18. I've been reading a ton of articles about real estate and I've been calling around. I need a good credit score to get a loan, but I don't have any credit history. Is there a way to build a high credit score pretty fast? It's killing me that I don't have any passive income and I need assets ASAP.

[Jaron Walling]

@Nathan Barshinger It's pretty obvious you can't build credit over night. It takes months and years to build your score. I would suggest applying for a credit card with a low limit, pay if off each month, and make a Credit Kama account. You can track your scores and see how different aspects (credit history, length, open accounts, etc.) affect your score. 

You're 18 years old. Don't be in a rush. Nobody jumps into REI and takes over the world. It takes TONS of market research, capitol, and an understanding of the niche you're going after. I would set some small goals and achieve them! Example: by age 21 I want a 650 credit score, and working capital to make a purchase. By age 22 I want to buy my first off market deal. By age 24 I want to BRRRR, or flip a second house.

It's a big staircase. Most people started at the bottom.