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Updated over 8 years ago,
20 Year Old with an Investment Opprotunity
My parents bought my grandfather a house two doors down from them. He has cancer and has less than a year to live. Not super sappy he will be 87 on July 4th and is still doing great and has lived a great life. Anyways I work full time, go to school part/full time (finance major/minor real estate), and live in an apartment with my gf.
I asked my parents what they are wanting to do with the house and they mentioned that they were wanting to just sell it. They know I have plans to get into real estate investments and offered to work something out with me (will get details this weekend). I want to be as realistic as I can and am looking for advice in regards to investing/landlord on my first possible investment. I feel like it is an offer I cant pass up but I know my limited experience/minimal funds are a huge issue. I have decent credit 690 and its only that because my schooling goes on my credit card until I get reimbursed through my employer (local bank). Just looking for some insight.