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General Landlording & Rental Properties

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Luis White
  • Collingwood, Ontario
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Starting off need some advice

Luis White
  • Collingwood, Ontario
Posted Sep 22 2015, 18:40

Im currently 16 years old and since I was 12 I grew a really big interest in real estate. My plan is to try and find a really good deal on a house, that I can put a couple thousand into fixing up and then listing it for rent or sale. That way if the flip happens it happens but I'm more interested in renting. I do not have to much money but luckily my parents have seen my ambition and curiosity in this type of investing and my dad has agreed to help me (he also has some interest). Currently we do not have our house paid off, about 2/3 so getting another mortgage will be risky. Right now we are financially able to take the risk. Really what I'm looking for is someone who can offer me some good advice on my plan. My plan might be terrible and someone might want to lead me in the right direction. A lot of people are going to take me as a joke for my age but if someone could just please give me a chance, I can guarantee your advice will not go to waste! Thanks a lot!!!

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