I’m a college student, about to get an apartment at school. Instead of renting, my mother in law (who runs the agency I’m about to work at as a licensee) really wants me to buy a duplex and rent it out. We picked out a property, went over the finances, and I think it could work. But I asked my parents for their wisdom, and they recommend that I wait until I finish school and have a “real job”. I currently work at a bank as an intern making $18/hour. What would you guys do? I understand the importance of starting at a young age, but the idea of having to finance 97% of the property which is $290,030 at the age of 21 makes me nervous.
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source https://www.reddit.com/r/RealEstate/comments/13olau9/need_opinions/
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