Re: investment advice for teen
Ryan is right. I would avoid the get rich quick books and videotapes.
I dont know about Canada but lending has gotten more difficult in the US. I think the two keys are downpayment and getting a good credit score. So basically getting a job that helps your credit score (this might mean avoiding a job where all your income is in tips and therefore doesnt help you as much in the loan process). And of course saving as much money as possible.
I would avoid tax sales for your first purchase. They can be kind of risky espically if you are not an experienced investor. Getting a straight up single or multifamily property might be safer.
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Ki Gray - Austin Realtor - Working in Austin his site covers the Austin Real Estate market. If you are considering investing in Austin be sure to check out his Austin Real Estate Blog or look through some of the Austin Homes currently for sale.
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