How Should I Start Out at 16 With No Money

[Rowan Klecker]

I am 16 years old and started reading financial books (Rich Dad, Poor Dad, Cashflow Quadrant, etc.) at 15. have 2 index funds set up (one for retirement) and am generally pretty far ahead. I came across rental property investing through Robert Kiyosaki's books and I am currently reading The Book On Rental Property Investing by Brandon Turner. My dad brought my attention to BiggerPockets and I am currently working to learn more about real estate investing. My goal is to get out of high school with one or two single family homes and expand from there. I do not have a job or any income (although I have a job with my dad at his business guaranteed my senior year) but I still am committed to make rental property investing work for me and start before I am out of high school. I am interested what any experienced people have to say about how I can achieve my goal or any other comments/advice! 

[Ty Coutts]

Hey Rowan, 

It's impressive that you're diving into real estate investing at such a young age. To achieve your goal of owning one or two single-family homes before finishing high school, focus on building credit and saving aggressively. Consider partnering with your parents to co-sign a mortgage or exploring creative financing options like FHA loans or private money lenders. Continuously educate yourself through resources like BiggerPockets, and network with local real estate groups to gain insights from experienced investors. Lastly, plan to leverage your future income from working at your dad's business to support your investment goals.

If you want to discuss further, or would like to talk about taking out a loan in order to buy an investment property, or for any other purpose please feel free to DM me.