NEW: BP Podcast 66: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank

Hide this

From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.


General Info

BiggerPockets Q&A, Site Questions, & Announcements

1513 topics, 14392 posts — Last Post 04/18/14, 05:39PM

BiggerPockets Exclusive PRO Area

117 topics, 839 posts — Last Post 04/18/14, 05:47AM

New Member Introductions

10884 topics, 85587 posts — Last Post 04/18/14, 07:23PM

Real Estate Success Stories

395 topics, 6141 posts — Last Post 04/18/14, 07:18PM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5935 topics, 46768 posts — Last Post 04/18/14, 05:24PM


642 topics, 5809 posts — Last Post 04/18/14, 05:52PM

Get Foreclosure Help - Help Stop Foreclosure Forum

316 topics, 2557 posts — Last Post 04/16/14, 03:58AM

Home Owner Association (HOA) Issues & Problems Forum

237 topics, 1609 posts — Last Post 04/17/14, 08:53AM

Do it Yourself

655 topics, 6264 posts — Last Post 04/18/14, 04:19PM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3672 topics, 29443 posts — Last Post 04/18/14, 07:17PM

Real Estate Guru, Book & Course Reviews and Discussions

1133 topics, 11556 posts — Last Post 04/18/14, 03:01PM

Ask About A Real Estate Company

740 topics, 7318 posts — Last Post 04/18/14, 11:52AM

Real Estate Investing

Real Estate Strategies


5602 topics, 43729 posts — Last Post 04/18/14, 07:19PM

Rehabbing and House Flipping

3332 topics, 30985 posts — Last Post 04/18/14, 07:11PM

Real Estate Development & New Home Construction

552 topics, 4682 posts — Last Post 04/18/14, 04:31PM

Innovative Strategies

703 topics, 6027 posts — Last Post 04/18/14, 08:48AM

Tax Liens, Notes, Paper, & Cash Flows Discussion

866 topics, 6676 posts — Last Post 04/18/14, 05:56PM

Rent to Own a.k.a. Lease Purchase, Lease Options

691 topics, 4871 posts — Last Post 04/18/14, 03:32PM

1031 Exchanges

143 topics, 1054 posts — Last Post 04/18/14, 08:41AM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1686 topics, 11285 posts — Last Post 04/18/14, 01:32PM

HUD, VA, and Tax Sales

414 topics, 3089 posts — Last Post 04/18/14, 12:05PM


1214 topics, 10570 posts — Last Post 04/17/14, 02:28PM

Short Sales

1534 topics, 13120 posts — Last Post 04/17/14, 04:44PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7202 topics, 70726 posts — Last Post 04/18/14, 05:55PM

Mobile Homes & Mobile Home Park Investing

638 topics, 5140 posts — Last Post 04/18/14, 03:22PM

Investor Basics

Starting Out

7697 topics, 60420 posts — Last Post 04/18/14, 07:14PM

Investor Psychology

431 topics, 6104 posts — Last Post 04/18/14, 06:08PM

General Real Estate Investing

4715 topics, 37175 posts — Last Post 04/18/14, 07:07PM

Real Estate Investor Marketing

1730 topics, 14092 posts — Last Post 04/18/14, 01:03PM

Commercial Real Estate

Commercial Real Estate Investing Forum

1409 topics, 8983 posts — Last Post 04/17/14, 06:13PM

Multi-Family and Apartment Investing

1108 topics, 9217 posts — Last Post 04/18/14, 06:33PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

639 topics, 4885 posts — Last Post 04/18/14, 02:57PM

Business Basics

Goals, Business Plans & Entities

831 topics, 7562 posts — Last Post 04/18/14, 04:25PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2784 topics, 20000 posts — Last Post 04/18/14, 03:01PM

Property Insurance

309 topics, 2045 posts — Last Post 04/17/14, 07:41PM

Personal Finance Discussion

328 topics, 2731 posts — Last Post 04/18/14, 04:33PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2832 topics, 19694 posts — Last Post 04/18/14, 06:48PM

Creative Real Estate Financing

1209 topics, 8767 posts — Last Post 04/18/14, 06:42PM

Crowdfunding Real Estate

35 topics, 461 posts — Last Post 04/18/14, 05:17PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1209 topics, 7980 posts — Last Post 04/18/14, 07:20PM

Bankers, Lenders, and Mortgage Brokers

441 topics, 1922 posts — Last Post 04/18/14, 09:39AM


267 topics, 1677 posts — Last Post 04/18/14, 01:58PM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

1988 topics, 11602 posts — Last Post 04/18/14, 04:54PM

Americans & International Real Estate

161 topics, 566 posts — Last Post 04/14/14, 11:19AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

64 topics, 428 posts — Last Post 04/18/14, 04:22AM


Real Estate Marketplace

Real Estate Marketplace

15013 topics, 53945 posts — Last Post 04/18/14, 07:00PM

Real Estate Events and Happenings

163 topics, 2498 posts — Last Post 04/18/14, 07:17PM


Off Topic


2905 topics, 32408 posts — Last Post 04/18/14, 05:31PM

Housing News & Real Estate Market

914 topics, 8351 posts — Last Post 04/17/14, 08:41AM

BiggerPockets Real Estate Investing Summit

97 topics, 1751 posts — Last Post 04/10/14, 02:27PM

BiggerPockets Resources

Forums » General Real Estate Investing » 18 year old buying a house??

18 year old buying a house??

12 posts by 5 users


· Foothill Ranch, California

Would it be possible for an 18 year old to buy a house? I want to buy and hold it. How would I find financing if I were to do this? I have no money for a down payment. I want to take advantage of the housing prices before they go up again. Would anybody even want to give an 18 year old a loan??

SFR Investor · Scottsdale, Arizona

It would be possible!

I'm not sure buy/hold would the best strategy to use for your first deal.. You might want to consider strategies that will allow you to build up capital with little or no money... for example bird dogging for another investor, wholesale, Sub2, L/O.

and then move to the next step with a buy/hold property.... Great idea to get started while your young. I'm sure most of us on this board wished we got started when we were that young

· Foothill Ranch, California

Why wouldn't buy/hold be a good strategy?? What is bird dogging?

Real Estate Investor · Tampa, Florida

Hi Patrick,

I second what Nick said. Buy and hold is not a good idea if you do not have any cash reserves. What happens if you have a vacancy or unexpected repair? How would you cover those costs?

I started off buying rentals (well, it was only one, actually), when I had zero cash reserves, and it was a NIGHTMARE. I ended up getting lucky and selling it at the top of the market for a profit, but I would never advise anyone to buy something to hold if they don't have some cash in the bank.

Bird dogging is referring deals to other investors for a fee. Great way to get started.

Good luck,

· Foothill Ranch, California

So when you bird dog do you put the house under contract and then sell it to another investor?

Any books that can teach me about bird dogging? I would definitely like to get my start when I don't have to use my own money.

· Rhode Island

If you have the money, you can buy most anything. 18 is a perfectly legal age. How much do you have to put down and what are you looking for?

· Foothill Ranch, California

Well I'm pretty sure I'm going to take your guys advice and start bird dogging. I'm going to start looking for potential houses this week in my area. Should I just look in my city or what? After I find the houses how do I find an investor?

Now I read somewhere on this forum bird dogging is illegal. Is this true?

I was talking to my mom last night and she told me about how you can get your real estate license through Tarbell Realtors. I contacted them today and they said it costs about $300 and they prepare you for your state exam. My mom said she would pay for it. Would it be a good idea for me to get my license if I don't want to be an agent?

I'm pretty sure I want to be an accountant (depending on how I like it in community college) and I know for sure an investor.

SFR Investor · Scottsdale, Arizona

Patrick, I can tell your an excited young man. Maybe staying up a little to late watching those "buy a house for 300$" infomercials.

1st bird dogging isn't some states it's illegal to take a commission if your not licensed. But there is nothing 'illegal about getting paid for selling 'information'

2nd don't get carried away about becoming a realtor....You'll get brainwashed that anything outside of listing and showing houses is illegal.

You can however later on choose to get your real estate license to add as an additional tool to your investing go-go gadget belt....but I would wait for now.

for starters take that 300$ investment your mother is going to hand over and go and buy a nice pair of slacks, shoe's and a long sleeve shirt. Maybe 2 pairs if you shop at walmart ( I love wally world )

go to a local investors meeting and introduce yourself to some investors and tell them your interested in bird dogging for them, ask them what their looking for etc. etc....

refer a deal or 2, make a buck and continue to educate yourself in the mean time.

I know that was pretty generalized, but I hope it helps somewhat

ps, wear your nice clothes whenever your meeting an investor, realtor, homeowner or anyone else face to face that your talking to real estate about. I work out of my house but I almost always wear nice clothes incase I need to run out quickly I'm ready to go at a moments notice.

Real Estate Investor · Fort Myers, Florida

You say you have no money for a down payment. Do you have a job that will allow you to pay for the monthly debt on a potential home? Yes, home prices are low right now, but could potentially get much lower in some areas in 2009. That's great that you have motivation to do something but speak to your banker or loan officer and find out what you can afford. Good luck

· Foothill Ranch, California


So bird dogging is when you sell other investors information on houses for sale? I thought you got paid when they close on a deal.

I'm going to a seminar for the real estate license next Wednesday, so I'll find out more about that.

I'm probably going to attend my first REI meeting this month. I can't wait for that.

· Foothill Ranch, California


I currently do not have a job but I am looking. Its pretty hard to find a part-time job in my area, but I am looking. I think I'm going to start looking harder though.

If they get lower in my area then I would rather wait. How can I start predicting home prices in my area? Any websites that can help me with this?

SFR Investor · Scottsdale, Arizona

Originally posted by Patrick E:

So bird dogging is when you sell other investors information on houses for sale? I thought you got paid when they close on a deal.

I'm going to a seminar for the real estate license next Wednesday, so I'll find out more about that.

I'm probably going to attend my first REI meeting this month. I can't wait for that.

Patrick, read between the lines. Real estate investing has a lot of 'gray area' What I'm saying is in most cases it's illegal to accept a commission without being a licensed professional.

if you over complicate the thinking from the beginning you'll talk or think yourself out of deals out of habit later on.

I'm not sure I can simplify my previous post, but if your still overthinking it, I can try to paint a picture for you.

Also don't be so anxious about getting your reale estate license!!!
you can really get yourself in a lot of trouble being a licensed professional while investing especially since your so new and have no clue whats going on.
You'll forget to disclose your licensed, make a mistake and then get in a lot of trouble because your a 'licensed professional'

Sign up