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Updated about 4 years ago on . Most recent reply

User Stats

5
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2
Votes
Blake Bittner
  • Rental Property Investor
  • Coloma, MI
2
Votes |
5
Posts

How do I get started at 18

Blake Bittner
  • Rental Property Investor
  • Coloma, MI
Posted

I’m only 17 years old I’ll be 18 in 6 months I have about $22,000 saved I wanna get straight into rental properties . How should I get started?

Most Popular Reply

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974
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645
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
645
Votes |
974
Posts
Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
Replied

Good for you @Blake Bittner! If you don't have a credit history or a full-time job, you'll likely need a co-signer on your first loan. I'd get W2 income ASAP - so go get a job if you don't have one alreaedy where you receive a W2. That will help with the history. Also, ask your parents to put you as an authorized user on their credit card (so you can build history - assuming your parents have good credit). Once you have a credit history, and even if you don't, find a realtor, and the rest of your team (Property Manager, Contractor, etc.). Good luck!

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