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Updated almost 2 years ago on . Most recent reply
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Advice for a 18 year old
I am 18 years old and graduating high school in a few weeks. I’m going to community college and plan to transfer into a 4 year school and get a bachelors degree in finance.
I’ve worked as much as possible in the past year and have saved up about $14,500 while making double car payments on my 2016 Acura. 7500 of that money is invested in different ETFs.
I've been learning about REI for the past several months and recently have been more focused about learning different strategies and trying to find ways I can start investing into real estate ASAP.
The local market (Washington, NJ) is not ideal for REI. Should I start looking for a partner and try to get into a deal ASAP and have to put a majority of my money into a deal, or should I just keep working, invest in less risky investments like ETFs, and graduate college and get a decent job with my degree, then start getting into real estate?
Im also considering getting my real estate license this summer. When I do that is it worth the risk of not getting my degree to pursue becoming an agent and then start to invest a little younger?
Most Popular Reply
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@Curtis Roth, wow! $14k in savings before graduating college? Very impressive.
Real Estate License. I personally think this is a waste of time and money (others may disagree) Unless you plan on doing your own deals in NJ. Focus all that time and energy on networking and self educating through the BP forums.
Start by reading this book! Set for Life written by BP CEO, Scott Trench.
https://store.biggerpockets.co...
A book I wish I would have read at your age.