If by teens, you mean under 18, then the answer is maybe.
In all cases, you would have to have one parent register ownership for you under either the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfer to Minors Act (UTMA). You would probably have to pay all cash for the real estate since a bank or mortgage company won't lend money to a minor. Any lease agreements would have to be signed by a parent.
Another alternative is to invest in a real estate stock or REIT. They would still have to be bought with a UGMA or UTMA.
2006-07-02 17:35:22
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answer #1
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answered by stocker 3
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Are you talking about buying physical property? or investing in real estate through brokerage houses? If you have an account with a Fidelity, T Rowe Price or Vanguard, you can purchase mutual funds that invest in real estate.
If you want to purchase physical property, if you have enough $$ I don't think there would be a problem, but you may have a problem if you need to get a mortgage, unless you can prove you are credit worthy--a tough trick for a teen.
2006-07-02 15:59:11
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answer #2
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answered by rcb26 4
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Yes. (Angelina Jolie's Son already has millions of dollars in real estate property and he is 5)
Top 4 Answerer in Business & Finance. (Vote for me)
2006-07-03 11:17:27
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answer #3
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answered by Anonymous
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yes the sure can. try www.jicinvestments.com they have information on how to get started in real estate no money down for only $15.00 and it really works.
2006-07-07 17:26:04
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answer #4
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answered by Anonymous
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Certainly; you will need to determine the resources, knowledge and experience you have, then form a plan by examining how to get from your current situation to the desired situation. Figure out how much parental support you need, make sure your plan is feasible, then execute!
2006-07-03 11:15:59
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answer #5
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answered by Michaelsgdec 5
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No, because you have to be at an age of majority to sign legal papers. If minor signs any paper, it holds no value as by definition, minor lacks proper judgement to enter into a legal contract.
2006-07-02 15:59:08
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answer #6
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answered by tkquestion 7
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Umm, maybe a lemonaide stand, but that's probably it because nobody wants to trust kids with their finances.
Possibly REITs, but other than that it'll be a longshot.
2006-07-02 15:59:39
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answer #7
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answered by what? 6
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Do they have the money?
2006-07-02 16:00:12
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answer #8
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answered by Virginia V 3
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No
2006-07-02 16:13:41
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answer #9
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answered by rhymingron 6
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