All Forum Posts by: David Pham

Hi, 

I am looking at a property that has the potential to cash flow (rental), but I am 18 years old and it is proving to be a challenge to finance it. FICO has yet to release my credit score since I do not have the history yet, and I only held a part-time job for about 1 year and 2 months. Meaning getting any conventional and FHA loan is impossible.

I do have $11000 in cash and a potential cosigner with a great credit score of 800. 

Any idea to get the capital for investing?

Thanks

@Joe Homs I totally agree with the educational aspect. It is best to be the most knowledgeable person to succeed and avoid drowning others as well. However, I believe that I can grow more pairing it with the on-site application, a form of shadowing. Meet up was a great suggestion, I was able to hunt down some investment groups locally. Can you elaborate more on the "Ghru" trap? As far as real estate license, I am not seeking to get one at this time before trying to manage without it. 

Thank you for the post 

I am 18 years old who is eager to learn and build wealth to achieve financial independence in rental investment. I live in around Irvine, 92620 but I am open to any form of investment strategy whether that is a long-distance investment (my resources in finance is limited) or simply pooling money to buy houses in nearby cities. Any form of help or partnership would be much appreciated. 

To be honest, I am just stepping into real estate and only have read a couple of books and research into different loans type. Therefore, I have zero experience but the book. I believe that I can grow better by pairing it with real-life experience if the opportunity arises.