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Updated over 4 years ago on . Most recent reply

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9
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2
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Tyler Brown
  • Yuba City, CA
2
Votes |
9
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Am I too young to start

Tyler Brown
  • Yuba City, CA
Posted

I'm 17 and turning 18 in a few days, I am really committed to becoming a full time investor and not working for someone else. My concern is that I do not have any credit, which I do plan on building but should I build my credit first before even starting in rental properties. 

I have considered using hard money or private money loans to get started and maybe do a few flips to get my foot in the door but I just wanted to hear other opinions on what I should do. 

Most Popular Reply

User Stats

139
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103
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Joel Calkins
  • Real Estate Agent
103
Votes |
139
Posts
Joel Calkins
  • Real Estate Agent
Replied

Hey there Tyler,

There is no age limit to start investing, and frankly, the drive you have at such a young age will carry you very far.

To give you some perspective I became very interested in REI around 17 and became a sponge to all things Real Estate, whether that was BiggerPockets podcasts, books, personal finance courses, and everything else. I'm now 19, and an established Realtor helping investors find those perfect properties.

Knowledge is power, try to network with others who have it. If you get good at analyzing deals and can bring something to the table, your network can bring the other half such as credit, capital, and others.

I'm pumped for you Tyler good luck on your journey to financial freedom!

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