Many young people wonder if they should buy a home sooner or later. When it comes to owning real estate, youth can work to their advantage, especially when a smart parent stands with them. Here are some ways to look at buying a property at a young age:
1. Plan to live in a property for a few years, wait for the value to rise, then sell it to fund the next purchase. For instance, buying near a college and renting it out to roommates is a good idea!
2. If the cash flow is there, rent the property out to others. If you're able to keep it, it will be a solid investment for a very long time.
3. If it's fixer, a young person can live in it while fixing it, and then resell at a profit a few years.
My job as your real estate agent consultant is not only to help you, it's also to guide, lead and protect your whole family and make sure they are well prepared for the best possible future.
If you or someone you know is looking at buying their first home, please call me for a consultation. Together we'll help them succeed.
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