Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Waiting 2 Years Before Investing
So, I am eighteen years old, and I am taking a gap year working as a real estate agent to try and get a head start on my investing. I want to start a real estate investing company by around this time next year with the money I will have saved from working; considering I live with my grandparents who are willing to let me stay here free of expense, I don't think it is too lofty a goal. However, I am unfamiliar with the process of lending to a LLC. I know that if I were to buy the property in my name, I would have to show 2 years of tax returns, which of course I will not have until I am 20 years old. My question is whether I should postpone my investing for 2 years, or if it is possible to find a bank willing to lend to me with the tax return history.