Just kinda wondering about this, and hoping to start some discussion. Now I'm pretty young I'd say, but I've also made a decent amount of money in the last month and a half or so, which I hope will grow as time goes on. Now anyways, my mother was just talking to me about buying a condo with a 40k down payment. (I don't have the money yet, but I've made about half). Let's say I do come up with all the money soon, would actually purchasing a condo (in the planning phase, or being built) be a good idea? I was thinking, buy one, rent it out, pay minimal money per month (if it was small enough, my mother would even help me with it if my income stopped), and just let it grow. The Condo would be worth more immediately after being built and even more (I assume) within a few years. Now my goal with all of this, is to be worth 500k by the time I'm 18, 3 years from now (including all the work I do apart from just this investment, but hopefully most of it is from a largely profitable sale at that time). Alright now anyways, should I even think about an investment like this, or would it just be a bad idea? To be honest it's kind of wishful thinking right now, but I do believe I could come up with the rest of the money within the next month if things go well.