So I'm in college and plan to invest in Real Estate by saving up over time. My Mom, who is very supportive of me, told me my Aunt and Uncle are planning to buy a property up north and said she would gift me, a 20 YO college student, $5,000 - $10,000 to invest with my Aunt and Uncle to start real estate.
My issue is I just don't know why or if I can accept possibly $10k from my Mom. It seems a bit like a shortcut tbh. If I can, I'd try paying her back at interest or something. Idk, it seems weird for my Mom to throw $10k in my face, even if I invest in it. I don't even know how much of the property I would own or how much rent I would make.
Not to mention, I'm a 20YO with no real estate experience. My mom said I should use this money and my uncle as a mentorship opportunity, but idk. It feels wrong to invest money not made through my own work. I was gonna wait to start working around October (I'm new to my College, so I wanted to know if I could handle the workload).
Submitted August 28, 2021 at 02:19PM by EndRough24 https://ift.tt/38md2S6
