im 19yrs old and i want to get into the realestate business any suggestions?
im looking to buy my first home this year or next year and renting it out is that too much for a 19yr old?
If you can qualify for an investment loan you can do this. Renting your house is not a business though.
Personally I think you should buy for yourself first and get an idea of what maintaining a home is all about. Renters are hard on property and would likely eat you alive.
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February 27th, 2010 at 4:07 pm
Get renter’s insurance. My parents rented houses to people for years. When the people moved out, my parents had to keep repairing the places because the tenants would trash the houses.
References :
February 27th, 2010 at 4:38 pm
If you can qualify for an investment loan you can do this. Renting your house is not a business though.
Personally I think you should buy for yourself first and get an idea of what maintaining a home is all about. Renters are hard on property and would likely eat you alive.
References :