Lux Investing
Im 17 and trying to invest my money in property?
I am 17 trying to buy properties but have very little money I want to know how to do it? and how much tax do I have to pay? I live in oregon
Public Comments
- I think it is great at your age that you want to invest money in something. It is going to be tough to do that with very little money. You probably would have to get a loan, but you are to young to do so. Taxes depend on how big the property is. I would suggest either save your money until you are a little older, or start out by investing in something smaller, like gold coins for example and work your way up from there. Good luck and keep up those high ambitions.
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- oregon which part of the world is this. how much u have what is ur currency.ur 1currency=---$.what is tax rate or tax slab in ur country. what r property rate in ur country.
- I, too, think it's wonderful that a young person should think of tomorrow rather than the today which is what most of your peers think about. But the harsh fact is that it takes money to make money. My advice is to keep that notion in the back of your mind. Concentrate on learning skills that will provide a good income, and go back to your dreams when you have the means to make them come true..
- Ask this question in YA Renting and Real Estate for better answers. Amazon.com is a great site to get second hand books on property investing. Learn about and ask as many questions as possible about the pitfalls of the property market so nobody takes advantage of you.
