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Updated about 6 years ago, 10/25/2018
Is it ever too early to start?
Hello everyone,
My name is Tyler Warlow. I am 19 years old and currently pursuing a dual degree in Engineering. For the past few months, I have been working in an experience called a Co-op. Through this, I have met a mentor who has suggested I look into real estate. I have been listening to the Bigger Pockets podcast recently and through this, I learned about house hacking. My unique situation in college results in the need to rent an apartment for the next few years. I have been considering trying to buy a property and renting out the other space thanks to Bigger Pockets. I have a potential partner in my mentor if I can find a deal. I have enough money to make a down payment using a First Time Homeowner's Loan but after that most of the costs would need to be covered by my partner.
Is this a viable option for someone my age given the risk involved?
Should I be more tolerant of risk because of my age?
Any thoughts and opinions are appreciated as well as any resources that may be beneficial for a college student looking into real estate. Thank you all.