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Updated over 4 years ago on . Most recent reply

User Stats

3
Posts
8
Votes
Devin Samuels
  • Houston Tx
8
Votes |
3
Posts

I am a beginner who is looking for advice.

Devin Samuels
  • Houston Tx
Posted

Hello, I'm 19 and am currently in the military. I'm looking to buy rental property once I finish my contract and I could use some advice if anyone is willing to share. I have a good amount of money saved up and I am currently working on my credit score. How should I approach buying a house should I save up my money or should I borrow a loan from the bank? Also what would I really have to take into consideration before buying property and selling it to others?

Most Popular Reply

User Stats

500
Posts
317
Votes
Michael Robbins
  • Property Manager
  • Henderson, NV
317
Votes |
500
Posts
Michael Robbins
  • Property Manager
  • Henderson, NV
Replied

@Devin Samuels I would buy your primary residence before investing in a rental property.  You might consider purchasing a duplex or fourplex and live in one of the units.  Once you make the investment then I would pay off the mortgage as fast as possible and then invest in the next property.  

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