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Updated almost 11 years ago on . Most recent reply

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7
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Tony Guarino
  • Naples, FL
2
Votes |
7
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Should I wait to buy my first property?

Tony Guarino
  • Naples, FL
Posted

I'm going into my senior year of high school and want to get started in real estate as soon as I can. Should I buy a property once I turn 18, or wait until I'm out of college? I'm planning to buy a multifamily unit and rent it out, I could live with my parents while I do so(until I'm out of college). While I'm in college the property could be supporting my education. I've talked to my dad about the idea but he thinks I should wait until I get out to stay focused on school.(Right now I work 30-40 hours a week with straight A's) What should I do? How should I get started?

Most Popular Reply

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1
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2
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Milan Lunis
  • Naples, FL
2
Votes |
1
Posts
Milan Lunis
  • Naples, FL
Replied

I believe you should wait tony, my son made the same mistake and his credit became messed up in 2 years due to the the fact that he was so caught on school and didn't have much time to be a good landowner ended up not having any one rent the place and then the property went bankrupt

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