Fresh Out of High School.

[Caleb Olaez]

(Maryland/DC area) Hello everyone! I recently graduated high school and want to get started with real estate as early as possible. Almost done with my real estate course and will soon take the state exam. I have around $10k saved up, seeking for any investment opportunities to get me started. Any advice given would be much appreciated. I’m looking forward to my real estate journey and can’t wait to learn from the best!

[Alecia Loveless]

@Caleb Olaez A few pieces of advice after decades of experience.

The first Is if you do any type of partnerships make sure you have a FORMAL agreement drawn up with at least one well thought out exit strategy. I failed to do this twice and got burned twice.

Second. NEVER QUIT. Always keep going with real estate. Learn from your mistakes and remember someone else has already made them before.

I had a partnership that failed and lost two apartment buildings with 14 units when I was 21. I got $60,000 cash for them after a long drawn out court case. I bought a SFH with the $60,000. I rehabbed it and furnished it and rented it to friends. They paid their rent but trashed it. I QUIT. AND SOLD IT. Instead of starting again. If I'd have continued for the next 25 years I would have likely had about $10M in assets. Instead I started investing from $0 4 years ago. Today I've got 7 buildings but it's nothing compared to what I would have had if I hadn't quit.

Don’t let your age play a factor. Look to an older role model. Anyone who can give you any positive advice. Message me! Just don’t quit! If you start now at 18 when you’re my age of 47 you’ll be so far ahead of where I’m at.