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Updated 18 days ago on . Most recent reply

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Ryder Payne
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Asking for future advice

Ryder Payne
Posted

Hello, I'm a 17-year-old from Indiana who's new to this and seeking advice on buying a primary residence and renting out the other rooms with an FHA loan once I turn 18 or 19. I'm also curious about the type of house I should purchase. My goals include investing in rentals, flipping houses, and exploring the BRRRR method or any other viable strategies. I'm genuinely passionate about real estate and would love to know if there are any opportunities available for someone my age to get involved in the field.

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Ryan Rominger
  • Real Estate Broker
  • Indianapolis, IN
95
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217
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Ryan Rominger
  • Real Estate Broker
  • Indianapolis, IN
Replied

Hey! That's awesome you're diving into real estate so early. With an FHA loan, you can absolutely buy a primary residence and rent out the other rooms—it's a smart way to start. Once you're 18 and have steady income and credit, you'll be eligible to apply. I'd suggest looking at small multi-family homes (like a duplex or triplex) if your area allows it—great for house hacking and learning the ropes. Also, getting some hands-on experience by connecting with local investors or shadowing property managers can be a game changer. Keep that passion alive—there's definitely room for young people in this space.

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