Hi. I'm in high school and I wanna learn about real estate and buying homes cause I wanna buy a house in southern cali before I finish college (i'm going to college in cali). So my question is, are there websites that teach you about real estate? How do people buy or rent-to-buy homes? And more importantly, how do people lose their homes? Cause I don't wanna lose mine. I figured If I save alot of money I can make a down payment on a home. And just get roommates since that's what alot of people do in school. That way the rent on the house and bills will be paid. But I don't know about real estate so I'm not sure if that's possible.Real Estate and buying homes?
you're problem is getting qualified for a loan. if money is a problem join the military reserves. then you get your college paid for and you can use your va loan. you can lose your home if you don't make the payments. but what you are thinking of doing could be smart if you can get the house. Real Estate and buying homes?
Real estate is all about buying a house for a home. It is a good way to learn and plan on the ways to own a home. Like to get a mortgage you need to have a certain down payment and the means to pay the monthly repayments. To do this you must be employed and earn a good salary a so that you can pay the repayments and able to live comfortably. While in college get your classmates to be roommates and rent a house to stay. Later on when you start working buying a house as a home should be your first priority.
The Public Library will have the books you want. Some are how to buy the house at a low price. Some are how to get rich in real estate. Some are how to be a good landlord. You want to read them all. Then talk to everyone you meet who owns a house. What did they learn during the process.
It would be very fun if you bought a house before you turned 20. You might make a lot of money. I met a woman who started young and had 48 properties by the time she was 75.
You lose your home by not paying the mortgage for 3 months in a row. Very simple to avoid. It usually happens when you are relying on roommates to pay the mortgage and they don't pay you. Choose carefully.
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