Thanks for replying. I would love to get my foot in the door and get wet its just how. I do still live at home. Its just at my age its hard to get a loan, banks don't except people young as me until they see i got money coming in. Any suggestions.
Thank you so much for such a detailed answer. I am focusing on my life insurance license and just researching on real estate. Gaining alot of knowledge. I am going to get a credit card in 2 weeks and build my credit up. It's a long process but i will do it. Next week i am going to go speak with a mortgage advisor for more details. Thanks Again ill keep posted how i am doing. Thank you and L4P.To buy a home or condo, you need $$. Like they have said above, yours or someone else’s. Don't get to far ahead of yourself. Work on saving money for a down payment. Work your a** off and do what you have to do. Get a second job. You said you are studying for your ins. license, focus on that so you can get out and sell insurance and network that way. Build your credit! You're 18, do you have credit? If you don't, get a low limit credit card and spend a little each month and pay it off each month. Get a Best Buy card, or whatever you have up there, and buy a computer or something using the stores CC and their money at 0% for whatever term they offer. Talk to people you know who are homeowners, i.e. your parents, aunts, uncles, friends, friends of friends. I bought my first house at 22, I put 15k down, and my 30 yr. rate is 5.19%. This won't be an easy process. Focus on your insurance license and making as much money as possible now. Then when you get to the point where your income will support a mortgage, start researching all the fine details. I hope these suggestions give you a little more to think about. Good luck with your license test and make some money! Welcome to :l4p: