Almost time to buy my first rental!
Hello everyone!
So It's almost that time! I'm turning 18 December 20th and looking to purchase my first rental property soon after that!
I know what your thinking.....There is no way! When you want something bad enough you will do anything it takes! I have done years worth of research so I think I know a good amount about real estate and can't wait to start investing!
I have met some awesome people while doing my research maybe even potential business partners. But if that doesn't work out I have a question for you guys.
Since I'm only going to be 18 its going to be very hard to get a loan on a property.
What would you guys recommend me to do? Seller financing?
I am talking with a bank right now that is seriously considering giving me a loan but if that falls through I would like to have a backup plan.
I have started multiple companies over the years and instead of spending all the money I have been saving knowing that I wanted to invest in real estate as soon and I possibly could.
How old were you when you bought your first investment property?
Thanks everyone for taking the time to read this post and any advice will help!
Can't wait to read your responses,
Have a great day!
Kyle