All Forum Posts by: Jaden George

Hi guys, I’m seventeen and trying to set myself up to easily buy a multifamily property before I am 20 within my college town (right now it looks like it may be either Daytona Beach or Jacksonville, FL). I was wondering what are some things I need to be aware of to be sure that I am not surprised when I go to make it happen. If I keep working and saving at the pace I am, I can conservatively estimate $30,000 in my bank. Plus I can rely on some private lenders in my family who share my love of real estate.

- How important is building credit?

- Is an FHA loan a good way to finance?

Anything else I need to know?

Thanks so much!

@Joshua Hanning Thank you so much for the help!

@Craig Sloan Thank you so much for the help!

Hey I'm seventeen years old and trying to figure out what to do with my money. I make upwards of 10k a year from a w2 job and save every penny. I want to own a multi-family house in my college town by the time I am 20. My question is when or how much should I start investing in a Roth IRA to start the compounding effect while not imposing on my potential real estate investing money? Thanks!!