first steps as a 17 year old newbie with nothing
So I am currently 17, getting my emt and starting up a party rental business for the weekend. i only have 3k saved up but was wondering how much i should i have to buy my first rental property. I am thinking of getting a tri-plex maybe a 4 and live in one while renting out the others. Any thoughts??
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Marco if you’re parents have good credit, ask them to add you as an authorized signer on a couple of their credit cards. I did that for all of my kids when they were 16. Then, at 18, one of my boys walked into Navy Federal a week after his 18th birthday and got a car loan for $6k and a $10k credit card because his credit score was 760. All from being added to my cards. At 19, he could now buy a house. It’s a great way to build credit and the best gift I ever gave my kids was good credit and how to MANAGE it (he’s never charged more on that card than he can pay with a single paycheck. So proud!)