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Updated about 5 years ago on . Most recent reply

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6
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1
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Manuel Casanova Jr
  • Rental Property Investor
  • Lehigh Valley, PA
1
Votes |
6
Posts

Small Investment for 17 year old

Manuel Casanova Jr
  • Rental Property Investor
  • Lehigh Valley, PA
Posted

I have 290 dollars, what should I invest in to make me more money?

Most Popular Reply

User Stats

11
Posts
1
Votes
Wayne McAlister
  • New to Real Estate
  • Torrance, CA
1
Votes |
11
Posts
Wayne McAlister
  • New to Real Estate
  • Torrance, CA
Replied
At 17 and with $290, I would start planning and doing a few things:

I would stick with learning as much as I could here on BP for free, maybe joining some local RE groups and get to those meetings where I could mingle with them and get known, being 17 you have youth as both an advantage and as a DISADVANTAGE till people get to know and know you as a dependable dedicated man on paper and screen till you have successes under your belt you may be looked more as a liability as you are 17 so you must prove your worth more.

I'd also start building some real skills for home improvement as far as simple repairs or replacement techniques so I had something to offer others as either A. help and offer that as my sweat equity or B. jobs, to save more investment money

I wold start looking towards longer term plans to make money to use for investing, myself, I'd save some more so I could become a notary at 18 and build a notary business as soon as I hit 18 to funnel into my RE plans, I think in CA, it's about $500 total from start to finish to become and Notary and loan signing agent. CA just increased the fee Notaries can charge to $15 a signature if so desired. That in itself is a game changer because it is a 50% increase you can charge. Get in good with some agents where they call you to be their singing agent and you can make some impressive money where you can have true investing capitol at a young age.

That's just some things I'd think about doing. 

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