In the United States,it is legal to buy a housewithout a co-signerat the age of majority,which is 18 years old in most states. Reaching the age of majority empowers individuals to sign legal agreements and complete real estate transactions. Before reaching the age of majority,individuals can still buy a house with the aid of a co-signer.
People also ask
Can you buy a house at the age of 18?
Legally, you can buy and own real estate at the age of 18, but that doesn necessarily mean it the right move for every 18-year-old. A home is a huge and expensive purchase, and it one you檒l need to live with for years or even decades of your life.
How to invest in real estate at a young age?
Multifamily rental properties can be another great option for those wondering how to invest in real estate at a young age. This strategy involves purchasing a multifamily property and living in one unit while renting out the rest. This can be a great option for investors who like the benefits of house hacking but not the idea of an actual roommate.
How to buy a house in your 20s?
How to buy a house in your 20s: Save for a down payment. Being a homeowner with a mortgage is not like renting. To afford to buy a house at your age, you’d better have some cash saved up for a down payment on your mortgage攁 lot of cash, actually.
When is the right time to buy a house?
There no right or wrong time to purchase a house. Legally, you can buy and own real estate at the age of 18, but that doesn necessarily mean it the right move for every 18-year-old.