Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
Seeking Advice/ What Would You Do If You Where In My Position?
Hello everyone,
I am almost 18 years old and will be graduating from high school this year. From a young age, I've found myself fascinated with building wealth, which has led me to learn about real estate.
I want to start my investing journey as soon as possible, which brings me to my dilemma: my current plan is to attend Massachusetts Maritime Academy for 4 years and pursue a career in maritime transportation. The reason for this choice is that I would be able to earn $30,000 from summer internships during my junior and senior years, leaving me with approximately $60,000 to play around with. I would also likely land a six-figure job right after college, for which I can put towards investing. However, during the school year I would have little time or energy to spend studying real estate or doing much of anything real estate related due to the academies strict and intense schedule. Furthermore, the work schedule when working on ships is usually something like 2 months on and 2 months off, and so on.
My first question is: If I went down this path, Is 2 months enough time to complete a deal before I have to leave for work again, and would it be too difficult to manage and grow my portfolio if I have to leave every 2 months and go out to sea?
My other question is: Is all of this even necessary, or is there a better, more time effective way for me to begin my investing journey?
Thank you for the help
-Aidan