Buying young

[Ulysses Arreguin]

1. Hello BP Forums Im a 17 year old high school student and I am planning on purchasing my first property this summer when I move out for college (Visalia area) and was hoping some of the experienced buyers on this website could steer me in the right direction on the best way to do it. I work part time right now as a personal trainer at a private gym and plan on having saved around $5,000, possibly more, by the time I move out (I will be 18 by then) Im also taking real estate classes right now and hope to have my license by mid summer. I am aware that is no where near enough money but I do have my brother who is willing to be my private lender if I need him for a down payment, and as for my monthly bills/expenses I will have a roommate who will be cutting these payments in half. I figure with that luxury this could be a win win for me.
2. I know I am not fully prepared at this time to make that commitment (Education wise) so if anyone can send me some feedback on the steps I will need to take considering I will be only 18 with no credit, and where I might want to change things or a better way to go about this I would really appreciate it !

1. Thank you in advance 

[Neil Aggarwal]

Its admirable that you are starting out at your age and looking at investments. Most young people I know are not focused.

Without credit, you are going to have a hard time qualifying for a loan. You might be able to do it with your brother cosigning. Ask the banks in your area if that would work.

If not, you might have to look for private money sources in your area.