Ideal Age to Begin Real Estate Investments
Legally, you must be at least 18 in most states to buy a home. Your 20s and 30s are an ideal time to begin investing in real estate. Passively investing in real estate is especially attractive to those who are just learning about the industry.
Age Considerations for Real Estate Investing
Reaching the age of majority empowers individuals to sign agreements and transactions. There’s no minimum age to buy a house. Buying a home in your 20s can help set you up for more financial security.
The Advantage of Starting Early in Real Estate
The best age is when you’re young with the energy and risk tolerance to handle challenges. Getting into real estate early is hard but you can invest in owner-occupied multi-family houses through government-backed loans. Investing in real estate now allows more time to build knowledge and experience.
Investing in Real Estate at Any Age
As long as you’re 18 years old, the best age to start investing in real estate is the age you are right now. Platforms like Fundrise take a lot of the costs out of real estate investments, reducing the need to invest a huge chunk of capital all at once.
Owning Property as a Minor
But you can potentially own property as a minor as long as someone of legal age signs the contracts. If you’re anxious to start early, get help from local experts who can explain your options and provide guidance on what’s best.
Age Guidelines for Real Estate Investment
The best age to buy your first house is within the range of 25 and 34. This is a time when you typically start establishing your career and stable income.
Transitioning Careers Into Real Estate
No, 36 is not too old to start a new career. With proper planning and research, it’s possible to make a successful transition into real estate at any age.