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Updated over 4 years ago, 05/23/2020
Im 17, trying to set my self up for my first property.
Hi guys, I’m seventeen and trying to set myself up to easily buy a multifamily property before I am 20 within my college town (right now it looks like it may be either Daytona Beach or Jacksonville, FL). I was wondering what are some things I need to be aware of to be sure that I am not surprised when I go to make it happen. If I keep working and saving at the pace I am, I can conservatively estimate $30,000 in my bank. Plus I can rely on some private lenders in my family who share my love of real estate.
- How important is building credit?
- Is an FHA loan a good way to finance?
Anything else I need to know?
Thanks so much!