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Buying first rental at 18, in need of advice.

Hey, I have a house for $35,000 with a $10,000 down payment with a fixed rate of 4% for 30 years. I have no credit history but I am not doing this through the bank, I am doing this through my father who owned the house before me. He purchased the house for 29k a few years back. It brings in about $600 a month and costs about $277 a month with the mortgage I’ll be paying plus taxes and insurance. I’m thinking of opening a credit card and putting the expenses on there so I can build a score. All in all, I don’t even know if this is a bad idea. Anyone have any suggestions because I’m fairly new to this.

Also, does anyone have any credit card suggestions?

submitted by /u/senselessapprentice-
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ehxu1g/buying_first_rental_at_18_in_need_of_advice/
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