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Updated over 5 years ago,

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2
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Jordan Garcia
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How would I go about making this happen?

Jordan Garcia
Posted

In recent months I've grown a deep interest in real-estate rental properties, but I don't really know how I should go about doing this. I'm 17 years old and I currently work at my local fast food joint. I estimate by the time I turn 18 I'll have about 20k saved up which I planned to use as a stepping stool to start off with. I would like to buy property as soon as I turn 18 (Yes I do understand the absurdity of this) and at the moment while I'm 17 I'm trying to absorb as much knowledge as I can about the topic. The problem that I'm facing is the reality of whether this would possible or not. When I turn 18 how would I go about buying my first house realistically under my circumstances? Would I have to get an FHA Loan? Would I be able to buy the property using my parent's credit? What price range should I aim for? Would I even be able to obtain a loan? I really don't know how I should go about doing this and I was wondering what would you do in my shoes to make this happen?

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