Good for you! I purchased my first property almost 5 years ago, at 21. I held onto it and rented rooms, then moved on to other states so I rented to a family. I live in Hawaii now, the property is in So. Cal and I manage it remotely. Never paid a penny toward my mortgage and luckily no issues thus far! I've been an unsubscribe lurker on BP for quite some time, but unfortunately don't have the wealth of knowledge and experience others have to give you full advice, but I'll tell you what I would do! If I where in your situation (at your age), I'd invest in a cash flow property and hold on as long as you can. Multi family would be great! There is PM to be found, then you can refi if the numbers work for a bank in 12+ months. I've never successfully found PM, but home to soon! I do know this-don't place the property in your name, start an LLC. Start building a portfolio of properties and retire early! ??Good luck buddy, hope all works out!
