I am a recent college graduate and I've just landed a full time, good paying consulting job. I am 18 years of age and I would like to purchase a duplex(or some type of rental property) property in which I will be able to rent one side and live on the other.
I would most definitely need some type of loan and my understanding of loans is that the interest rate that I will be charged is based relative to my credit score. Therefore I would like to work on my credit score before committing to the investment of a rental property.
The only way I currently know to build credit is to get a credit card. However where I live you must be 19 years of age to apply for a credit card. Is there any way for me to build credit in the meantime?