Updated about 10 years ago on . Most recent reply
What should I do
I'm 19 yrs old and really wanting to start acquiring properties. I am in real estate school with 1 class left but I've come up with a little solution to start getting properties at my age without bank financing. And it consists of doing owner financing deals with multifamily properties providing them with the down pymt and bringing my attorney to make sure I'm covered . But this will allow me to start getting properties buying and holding . I've found a few properties already some had terms spanning 30 yrs with a little bit of a higher interest rate and 10-20 percent down payment . Others had terms of 5 yrs with a ballon pymt . My question was what do you think about my ideas and if you can add a little bit to my knowledge I would love that thanks