How can a 16 yrs old to buy a house/condo/apartment?
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February 24th, 2010 at 10:46 pm
you can pay cash, or invest in a REIT, not sure how credit works if you’re under 18. If you can’t do it, my best advice would be to stockpile cash and learn as much as you can before you start.
February 26th, 2010 at 7:51 am
presuming YOU have lots of money……you may buy real estate
legally ONLY with the assistance of an adult. MOST Hollywood
child stars hire an atty via their parents and they set up a trust
that buys whatever……….
The child becomes the main shares holder. Upon reaching
majority, the trust is usually eliminated and the assets conveyed
to a private acct controlled by the new adult.
UNLESS the child has a huge parent problem and he-she
becomes –via court directive-judgment–EMANCIPATED.
then, if a property seller will accept the emancipation, the
child can buy whatever he wishes.
March 1st, 2010 at 2:59 pm
How? wait until you’re 18