Im 20 years old. Should I get a house and rent a room out? Or should I live at home for free and.......?

Should I buy a house and rent a room out? Or should I live at home paying no rent and minimal expenses and save my money to put in other investments, such as stocks? Please remember, im 20.

Why not buy the house and rent out all the rooms? Also remember the #1 way of becoming a millionaire in the USA is real estate, this is because most people say they will save and invest their money, but they don't. They save a little and see the new plasma tv, or new laptop, etc etc you get the idea. My point is real estate will actually force you to get rich because its harded to get your hands on the money. Good luck.

If your parents don't mind, then stay home and save, plus invest. Some time down the road you could always give them something. Who knows, they may not want anything anyhow.

A lot of people nowadays can't wait for their kids to get out of the house. Why did they want to be parents in the first place? I say my kids can stay as long as they feel they need to, and if your parents are that way, then all the more power to you. Stay home and save!

At this point, I beleive that you should stay at home a bit longer in order to save money for things down the road. And it's always a good idea to invest. If not in stocks, in an IRA or something for retirement. I myself would have lived at home for longer had my job opportunities been closer.

a house is a great investment!!! remember they will only cost more in the future. if you can afford it, buy now!!! a lot of millionaires got their start in real estate. property values will not decrease. stocks can crash at any time and are iffy at best.

Should I become a real estate investor? - If you are thinking about purchasing real estate for investment purposes, you need to keep these things in mind.
There are four possible financial benefits to investing in real estate:

鈥?appreciation
鈥?positive cash flow
鈥?tax savings
鈥?amorization of the mortgage

If you plan on taking negative cashflow, you should be sure that you will make it up in the other 3. Most investors today expect to get most of their return from appreciation by speculating on certain "hot" markets. Consequently, they are willing to accept little or no cash flow or more commonly, negative cash flow.

And another nice benefit of the optio ARM loans are they have usually have 3 - 4 different payment options (hince the name pay option ARM). They have a minimum payment, interest only and 2 different amortization payments to choose from each month. The minimum payment can be utilized for vacancies on rental properties.

Interest rates on investment properties are higher versus those of a primary residence because they present a higher risk. A borrower is more likely to worry abou his own mortgage first if he gets into a financial jam.

It is possible to qualify for 100% investor loans to get you started in the real estate investment career. The rates are quite high, but if you choose the correct property you will be well on your way to success as an investor.

Real esate investing has always been a great investment vehicle when used correctly. Some of the best neighborhoods to buy rentals in are the blue collar neighborhoods. The ratio of mortgage payment to rental income seem to be best in these types of neighborhood. You may also want to consider keeping a small amount of money egual to 3 months of mortgage payments in an account readily available for vacancies when someone moves out. The faster you get your property rented the more money you get to keep.

A Pay Option ARM is a great mortgage for the property investor. It allows flexibility in your payments to offset possible costs associated with rental units, such as vacancy and repairs. It also can maximize the cash flow from a rental property.

Always remember to figure money in for emergency repairs and routine upkeep. If you cannot afford to maintain your property then you will eventually lose money. The pay option ARMS now availible are great for payment flexibilty if any major repairs should arise.

Over the long term, real estate has traditionally out performed many other investment vehicles such as stocks and bonds. However, as in stocks there is a significant difference in risk factor between long term investing and short term quick for profit flipping.

Hi there,

If you're considering to purchase a home at the age of 20, I'd assume that you have enough for at least a 20% down payment. If you can, the best scenario is to buy a home, rent it out and continue to live at home.

I am assuming that you're still in college and your expenses exceed your income. Since there are other costs in owning a home (property taxes, insurance, maintenance fees, etc), you'd probably want to concentrate on obtaining as much rent as possible.