Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Buying another home?
So I was donated a house with around 4.5 acres of land from a family member. So I am set and I don't have to worry about rent. Now I want to work on making some passive income. I am soon to be getting a nice job making around $19k a year. I was thinking about saving up and buying a home in my home town and rent it out. The cost of the property would be around $29,000.00 I am very good at saving money so I think it would be a nice thing to do. Anyway, give me some advice guys. I am just 18 and starting to build some decent credit, I would love to pay the house out cash. Give me some advice guys/girls!