The Journey of Buying My First House at 18 Years Old

TLDRAt 18, I bought my first house for $135,000 and renovated it. I financed it using $30,000 from my savings and a loan of $105,000. With hard work and support from my family, I was able to afford the property.

Key insights

💰I made $177,000 in the first year of my YouTube channel and $53,000 in my senior year of high school, enabling me to save for the house.

🔨The house needed significant renovations, including fixing the kitchen, flooring, windows, and retaining wall.

🏡The property is a 3-bedroom, 1.5-bathroom house with a detached two-car garage, which I plan to rent out.

🚗I used my dad's truck and equipment for the renovations, saving on expenses and time.

🌆The retaining wall and landscaping project improved the driveway and parking space, making it more attractive and functional.

Q&A

How did you afford to buy a house at 18 years old?

I started a successful YouTube channel, earning $177,000 in the first year, and I saved most of it while living with my parents.

What were the renovations needed in the house?

The kitchen, flooring, windows, and retaining wall needed extensive repairs and upgrades.

What are the specifications of the house?

The house has 3 bedrooms, 1.5 bathrooms, and a detached two-car garage.

Did you receive any financial assistance from your family?

I borrowed $30,000 from my savings and took a loan of $105,000. My family supported me by allowing me to use their truck and equipment.

What improvements did you make to the driveway and parking space?

I fixed the retaining wall, leveled the driveway, and added landscaping to create a more convenient and appealing parking area.

Timestamped Summary

00:00At 18, I purchased my first house for $135,000 and embarked on a renovation journey.

02:02I financed the house using $30,000 from my savings and a loan of $105,000.

02:58The house required extensive renovations, including fixing the kitchen, flooring, windows, and retaining wall.

06:14With the help of my family and their equipment, I saved on expenses and completed the renovations.

08:28The retaining wall and landscaping project improved the driveway and parking space.

10:40The retaining wall is complete, concluding my journey of buying and renovating my first house at 18 years old.