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Updated over 17 years ago on . Most recent reply

User Stats

68
Posts
3
Votes
Andrew M.
  • Pittsburgh, PA
3
Votes |
68
Posts

advice on my plan for investing in real estate

Andrew M.
  • Pittsburgh, PA
Posted

so i started posting on this website about a month ago and i was posting alot for about a month. but i decided to step back to give me some time to asess my goals and figure out a game plan for how i wanted to get into investing.

im going intio my sophmore year in college and have about 5000$ to my name right now. my plan is to save up money while in college and invest in re once im out. ( ill be 21) my goal is to have about 20-30 k in liquid money at the end of this period. my goal is to make this money through jobs that are going to give me some type of experience that will help me out as an investor/ landlord. any jobs i can get working with other investors or jobs that where i can learn handyman type skills is what im going for. im also thinking about trying to do some day trading but i havent settled on that yet.

i know this forum is big on acting quickly and not procratinating but the way i see it i am very young and i see this as all part of the big picture of my investment plan. also im pretty much 100% sure i want to make a career out of rei for a variety of reasons and im not worried about losing interest or anything like that.

that being said i have 2 questions

1) any commentarym, criticism, ideas for my plan

2) i have been thinking about getting my realtors license in the next two years. is there anyways that a realtors license can be a hinderance to a re investor. any legal restrictions that realtors have that make it hard for them to invest? yay nay on getting the license

anyway this forum has been a huge help to me and i apreciate everything. thanks and i look forward to veryones responses

edit- my final part of this plan that i forgot about is that i have a credit card out in my name which my mom is using for her business. she is responsible and the business does well so im not worried about her screwing it up. after several years of her building up my credit i should have extremely good credit

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