I am looking for my first property but because of my age my credit is not really established enough to go after a conventional loan, I also do not have any income.

As our populations ages, what good is saving a mortgage if a retired person can not eat or keep the lights on?

Haven't seen you since CCIA ages ago.

About 7% of the US population is in the 15-19 age bracket.

Im 23 years old, Like I said if I had 3 $200,000 properties rented out that only made enough to cover payment and expenses, when I retire at the age of 53 those 30 year notes will be paid off and I will have $600,000 (more with appreciation) worth of property to retire on.

I think a great part of England's Golden Age was due in no small part to having the largest network of spies in history.

This is a personal choice for me - nearing retirement age (53) and perhaps getting a little tired of flipping houses.

Now that I know where I want to buy and the construction quality based on age and geographic location here and the type of storage shed that all Habitat for Humanity reos have on their properties, it does take a lot less time for me.Originally posted by MikeOH:I agree and that "backyard" investor is the guy that's going to make the money!

You absolutely have the right mindset at such a young age.

Anyone, imo, that is successful in RE and starts at a young age, WILL certainly be looking to save taxes at all costs.