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Updated about 2 years ago on . Most recent reply

User Stats

19
Posts
14
Votes
Luke Okane
  • New to Real Estate
  • Schaumburg, IL
14
Votes |
19
Posts

where to begin

Luke Okane
  • New to Real Estate
  • Schaumburg, IL
Posted

Hi so i am 16 years old and have decided that i ultimately want to retire off the cashflow of my investment properties. I also want to work within real estate to create the knowldeg, connections, and capital to obtain these propeties. Anybody have any recommendation on what I could do right now to take action?

Most Popular Reply

User Stats

238
Posts
156
Votes
John Slater
  • Real Estate Coach
  • Riverside County, CA
156
Votes |
238
Posts
John Slater
  • Real Estate Coach
  • Riverside County, CA
Replied

Hi Luke, love the attitude at your age to get started and wish I'd started a lot younger.  

For now, its about education for you and trying to meet the right people to help you understand and learn some different aspects.  One of the biggest things against you sadly is your age, and I mean just from the perspective that speaking to potential leads, homeowners, it can be difficult to be respected in real estate when so young.  Not saying there aren't things you can do, but trying to seek some guidance, local meet ups etc would be a great start to learn the different aspects of types of deals, leads, acquisition strategies and exit strategies.  Buying rentals is a great way for future wealth, but it takes capital, so many do some smaller deals to get moving, then pick up the rental when it financially makes sense.  

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