Getting into Real Estate young

[Wiley D'Spain]

Hi ladies and gentlemen, I’m really interested in taking the courses and becoming a licensed realtor. The problem (I think it’s a problem at least) is I’m only 17 years old. So, I will probably be starting around 19 years old. I’ve been doing a lot of research and something I keep hearing is that getting into real estate is a very tough thing to do at a young age, due to the obvious lack of experience. And I was hoping I could some advice on whether I should pursue my interest in real estate now or not.

[Jared Skov]

@Wiley D'Spain Get your real estate license (about 2 weeks), then get a job making as much money as possible, not in real estate (this will help you get approved for a multi-family home in the near future). Do whatever it takes to live frugally, save, and read about investing/real estate. Once you have at 5% of a down payment saved up and a better idea of what area you want to invest in and your end game goals, house hack a multi family and continue working/saving. Do this 4 times over the next 5yrs, you'd be set in your mid 20's to do whatever you want to do, regardless of how little it pays. This method becomes much much harder as you get older, ask anyone in the REI game over the age of 40...