Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
How would I go about making this happen?
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?