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Updated almost 3 years ago on . Most recent reply

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4
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2
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Christian Dane Coker
  • New to Real Estate
  • Jackson, MS
2
Votes |
4
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How soon can I move to personal ownership?

Christian Dane Coker
  • New to Real Estate
  • Jackson, MS
Posted

First I'd like to thank all the people for the help from the last post. I got a lot of ideas and began talking to my mom about having her co-sign on a loan once I turn 18 to buy my first property. I'd love to be a BRRRR investor but my next problem is my mom says she doesn't want to tie up her credit in a house. She said this would negatively effect her debt:income ratio. Is there a way to get around this problem with her co-signing or would there be a better option without having to face this problem? Also, how soon could I get the house in my name without someone else and how would I do that?

Most Popular Reply

User Stats

446
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411
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Ryan Howell
  • Rental Property Investor
  • Hendersonville, NC
411
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446
Posts
Ryan Howell
  • Rental Property Investor
  • Hendersonville, NC
Replied

First of all, congrats for pursuing real estate and educating yourself at this stage of life, because you will be way ahead of the game.  That said, I suggest you prioritize continuing to educate yourself, by consuming podcasts, books, etc and make networking a top priority.  There are so many investors who love teaching new investors how to get started.  The answer to your problem will be solved by networking.  I would advise you house-hack and through your networking relationships, eventually you will find someone willing to seller finance or be a private lender to help you get started.

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