Is having a job required for investing? Even for your 1st propert

Is having a job required for investing? Even for your 1st propert

Rental Property Investor · Los Angeles, CA · Member since 2021 · 15 posts · 2 votes

Hey I’m about to be 18 and live in the city of Los Angeles, any tips or anything i should get into first or know?

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  • Flipper/Rehabber · Los Angeles Long Beach Orange County, CA · Member since 2019 · 11 posts · 1 vote
    5y

    @Ruben Marquez a four plex

  • Flipper/Rehabber · Los Angeles Long Beach Orange County, CA · Member since 2019 · 11 posts · 1 vote
    5y

    @Ruben Marquez. Real Estate Links

    29 Ways to Find Off-Market & Wholesale Real Estate Deals: Offline

    * HomeThe Ultimate House Flipping Guide29 Ways to Find Off-Market & Wholesale Real Estate Deals: Offline

    https://www.reikit.com/house-flipping-guide/27-ways-find-off-market-wholesale-real-estate-deals-offline

    55 Resources to Find Real Estate Deals Online

    * HomeThe Ultimate House Flipping Guide55 Resources to Find Real Estate Deals Online

    https://www.reikit.com/house-flipping-guide/55-resources-to-find-real-estate-deals-online

    35 Relationships To Help You Find More Houses To Flip

    * HomeThe Ultimate House Flipping Guide35 Relationships To Help You Find More Houses To Flip

    https://www.reikit.com/house-flipping-guide/35-relationships-to-help-you-find-more-houses-to-flip

  • Real Estate Broker · San Pedro, CA · Member since 2016 · 206 posts · 89 votes
    5y

    @Ruben Marquez

    Any lender will want to verify you will be able to pay the mortgage and the other expenses. So some kind of income will be needed unless you buy a property all cash.

  • Rental Property Investor · Murrieta, CA · Member since 2020 · 338 posts · 344 votes
    5y

    @Ruben Marquez

    You need to get a job to show income for lenders since you need to have income to qualify for a residential loan.  Then I would get out of Los Angeles, ideally CA, and try to find a 4-plex to help off set living costs.  I suggest moving to a landlord friendly state.

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