The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

The Entrepreneur's Forum for learning how to build wealth and financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join our forum with more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)

Young people investing in RE

TNT

New Contributor
Aug 31, 2007
58
7
59
I have seen several post about young people buying RE and how they can't because of their age. I was wondering how a person under 18 might go about buying RE. Could they form an LLC and have it buy the RE. Can they even hold an LLC or some other entity? I know about the parents helping but are there other ways? Any thoughts:3some:?
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Allthingznew

Contributor
Aug 26, 2007
408
51
The difficulty someone under 18 faces is that they cannot enter into contracts, they have no legal standing yet, someone has to do so on their behalf, this is typically a parent/guardian for obvious reasons. This doesn't stop some of them from entering contracts, but if the contract is ever contested, it is typically considered void or easily voided as the minor never had the capicity to be in the contract.

It's in the minors best interest to have a parent involved as they have to trust the one entering the contract on their behalf.
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top