Small consolation when the train that wasn't there when you bought your home now runs 50 feet from your bed.Of course, the "no horn" agreement will last as long as it takes the first drunken teenager to stagger onto the tracks and get himself killed. 

I hope my daughters have that drive when they become teenagers.

Those were probably the best summers of my teenage life.

I've been a fan of the podcasts for quite some time and figured it was time to hop into the fray in the forums.I've had a passion for real estate since I was a teenager and I've been an MLS junky for over 10 years.

Rob: You can always add a basement later as well ... it's not pretty and rather expensive, but I lived though this very event when I was a teenager.:-)

If your teenager causes an automobile accident, there would be nothing to protect your properties if they aren't under an LLC.

I found value in coaching as a wrestler in high school and as a bodybuilder 20 years ago (3rd in the state of Utah Teenage Bodybuilding Division).

@Ray HarrellSorry for late response... my rental is currently rented by a voucher holder, single parent w teenager kid, so far so good, tenant has been late for rent but caught up afterwards.

You are already working the equivalent of 2 jobs and have 2 teenagers at home to raise and (hopefully) put through college in a few of years.Not a question of honor. 

We have typically go through the conventional mortgage process a few times a year weather we are buying and refinancing, even though we always have “new debt” which supposedly hurts our score, we have always only gotten the best rate because we always pay on time and I have had 2 of the same credit cards for 15+ years.If you have kids, put them on a low limit card when they are teenagers to start their good credit early.