Need To Learn!!

[Donovan Young]

Hey Everyone,

I am Donovan Young I am 19 years old I sell cars at Gresham Ford I really have always had a dream to build wealth! For Me and my family but I do not know a ton. I want to learn I would like to buy a property in the next year. I have credit but I am 19 never had a loan before I wanted to know if you guys know of any options or opinions I can do I really want to do this and grow into my full potential as a young person aspiring to build wealth to give back and help people but I need to learn as much as I can about Real Estate Investing before I get a property so I know what I'm doing because I would be renting it out and still living at home because It would be just me and I work all the time so I would never be home so I might as well live with my parents and rent it out! so If any one has any advice let me know!!  

[Scott Mac]

20% (to 30%) down

2 years on the job with stable income

An DTI score acceptable to your lender

Some amount of personal cash reserves acceptable to your lender and yourself.

Closing costs as in cash in the bank.

A credit rating and length of credit history acceptable to your lender.

A good deal (that cash flows) on a rental.

Stable long term renters who can and will pay the rent on time. No friends, family, acquaintances, and don't be a bleeding heart when choosing renters...it's all business--study up on how to pick renters.

and etc, etc, etc...

Good Luck!