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Updated 10 months ago,

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Ideas or tips? 19 Y/O First Time Homebuyer

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Posted

Hi! I have a pretty good idea on my plan of action getting into real estate but ignorance is bliss and I wanted to ask to see if I'm missing anything. I've almost hit 2 years job experience for a conventional loan, I have qualifying credit, I've made good contacts with realtors and lenders from my Admin Assistant job in the loan world, and I've saved up enough cash for 3.5% down for SoCal SFR pricing (not enough for closing cost or commissions yet). I don't make much money from a tax return stand point but I don't think it'd affect my DTI since I'd be using potential income and I don't have debt. Is there anything I should keep in mind about getting prequalified or making offers in my situation or anything in general? I don't need cash flow right now, I'd be more than happy just living for free and getting equity in this market. I have a realtor in mind I'd like to use but I don't want to waste their time if I'm in over my head and rushing into real estate investing (I'm very excited to get started). On paper I think my situation looks good but I wanted to see what this community thought. Thank you for your time!

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