I'm a little worried that a Banker/Realtor/Lawyer won't take me seriously because of my age, but my parents said they will sign on a loan because I don't have any credit history.My major goals are to have a stream of income in college and to be financially free when I leave college.Does anyone have any advice for me?

In this market with so many preforeclosure and foreclosures, it should be relatively easy to pick something up that will cash flow.

This day in age, lenders are happy to receive timely payments so I have yet to hear of a lender actually enforcing the due on sale clause.

Just think, if you start off around the age of 20 and work hard, then you should be a millionaire by age 30.

Shouldn't it have gone to his estate, then have been given to a relative, or at least a trust when he died?

im knew although i have been browsing for some time, ill give you a short history of myself before i explain what i would like to do, Im currently 22 and at the age of 21 i had saved approx 15k for my first home, I had read every investing/mortage/real estate book i could find, before i really started looking, threw family i was introduced to a very respected and succesful real estate broker who has several offices, so i thought it was wierd that he was wasting his time with such (small fish) but he helped me find a forclosure,i bought a 1800sqft house 3 bed 3 bath etc for 112k, it was the ugliest house in a super nice neighborhood.

They have been on the mkt at this price for well over a yr.If the sign out front reads foreclosure (and the relator continually says "make an offer - nobody is 'biting'") is that my green light to make a 'silly' offer?

I found a nice cheap place relative to comps in the area, but it needs a lot of work (maybe $50,000).

He wants to sell because a) his agent wasn't able to b)he's aging and can't climb stairs anymore.

AS I am reading this, i'm relating it back to my industry.