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Originally Posted by dabosh
i am 18years and was wondering if there was any way to buy an investment property within 5 or so years? would tax sales/deeds be my best bet at obtaining a property or is there another option?
thanks in advance!
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I think that the biggest roadblock for young people to buy homes is the financing. Since tax sales typically require cash, that might not be the best option for you. I would recommend purchasing a cosmetic fixer in an older neighborhood that is up and coming. I did great on my first real estate investment, which was a 1926 Craftsman that needed a face lift. My advice to you is to save as much money as you can for a down payment and working capital.
Out of curiosity, how much do entry level homes cost in your location?