Starting from nothing

[Dovi Schwartz]

I am only 15 and I have a few jobs in the summer and I only make around $2500 so I save it up the goal is I want to buy a property eventually recently I put $3000 into Stocks now since I’m stuck In quarantine I started to try to learn more about the real estate world I wanna know what tips you can give me and how to boost up to get a good credit so I can I be applied for a loan by around 20 and is it too early in my life to start thinking about this so I just wanna know what you can tell me

Thank you so much

[Tyrone Osilesi]

Awesome that you have an interest in RE at your age. I'm no credit specialist, but I know what has worked for me:

- Get a secure credit card from your bank to help build your credit and then transition to a typical credit card that you use for small purchases and pay off IMMEDIATELY (pretty sure you have to be 18 though)

- Ask your parents or someone who has a great credit history to add you as an authorized user to their accounts. As they pay their balances on time, you'll reap some of that credit goodness.

- It's a good idea to begin having an established relationship with a bank. Ask a guardian to go with you an open a savings account at a bank you can see yourself being with for awhile. Begin making regular deposits into that account. 

Good Luck!