Updated over 6 years ago on . Most recent reply
Need guidance on an early age REI game plan.
When I turn 18, would it be a good idea for me to start working my credit score up above 580, save 3.5% for a down payment with an FHA loan and try to buy income properties asap? Does that seem like a good idea, because thats what I have been thinking about doing. I know I should get my credit score as high as I can, but since I will be so young should i skip the FHA and go for a conventional 20% down mortgage?
I want to get a game plan going so I can set my goals to help me get there. Duplexes are pretty common in my area. Right now, and i know that market is high, I can find decent duplexes for about 125k. I want to do a BRRRR type deal.
Thank you to all, John. If you have any other questions for me I will respond as soon as I can. Everything is helpful to me!