I have had a friends daughter asking me for advice and I don't have enough knowledge to help her, so I thought I would ask the members here.
This girl is 15, has a small part time job after school and has saved a significant amount for someone her age. She is a motivated and focused student academically and is very interested in investing in property. She really wants to know how realistic it is to pursue purchasing an investment property for someone her age, what are the barriers she will encounter and how does she overcome them. She has spoken with her grandparents especially about her thoughts, and they have indicated they might be willing to act as guarantors for her. She has read widely on the subject but there isn't a lot of info relating to someone her age. Any advice would be appreciated.
This girl is 15, has a small part time job after school and has saved a significant amount for someone her age. She is a motivated and focused student academically and is very interested in investing in property. She really wants to know how realistic it is to pursue purchasing an investment property for someone her age, what are the barriers she will encounter and how does she overcome them. She has spoken with her grandparents especially about her thoughts, and they have indicated they might be willing to act as guarantors for her. She has read widely on the subject but there isn't a lot of info relating to someone her age. Any advice would be appreciated.
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