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All Forum Posts by: Jaben Jennings

Jaben Jennings has started 1 posts and replied 2 times.

Starting Out

Post: I'm 18 and have 12K saved what should I do?

Jaben JenningsPosted
  • Posts 2
  • Votes 2
Quote from @Michael Diossa:

If you don't have a relative who is experienced in doing that, I would either find a mentor who is in the game orrrrr partner up with someone for your first hack!  this could prevent any potential losses but as well as learn while creating strong relationships! especially for off market deals.

Okay cool! Do you have any suggestions on finding a mentor or partners and just building REI network?

0 Votes
Kansas City, Missouri
Starting Out

Post: I'm 18 and have 12K saved what should I do?

Jaben JenningsPosted
  • Posts 2
  • Votes 2

I am wanting to get into relstate and start building wealth very early on.  I already have about 12K saved.  House hacking definetly seems like the right way to go but I curently live with my parents and have very low monthly expesnses.  I am a little scared becasue House hacking would make my monthly expenses where most people are already use to paying a morgate.  I get the idea is for the renter to take care of most of the morgate but if take awhile to find my first renter... sounds tight.  I have a low paying job($40,000 anually).  I am just looking for any advice for my curent situation.

I have another question for a FHA loan is it correct that you need 2 years of consistent income history?


Again any advice I gratelly apricate! 

2 Votes
Kansas City, Missouri