I'm only 19 years old and I'm wanting to move out. I have a full time job making pretty decent money. I'm wanting to buy a house that is relatively cheap ($60,000 and under) but is a good investment. Worst case senario is I would have to pay the mortgage myself which I could afford, however, I have many responsible friends with jobs that are also trying to live in a home of their own. So my idea is to go to my bank, that I recently got my car loan through, get a mortgage loan, and charge my other roomates rent. My questions are basically, is this a pretty realistic idea? Should I lay out my entire plan to the bank? Or what my first steps should be? Thank you for any advice!
Read more: Help on Buying and Renting a home?!
