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Updated 5 months ago on . Most recent reply
![Evan T. Ong's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3096344/1730901530-avatar-evant125.jpg?twic=v1/output=image/crop=3072x3072@426x0/cover=128x128&v=2)
Worries I have (haven't started investing yet)
I'm doing everything I can to learn about real estate investing (mainly via reading), and there are concerns I have about my future in this field, that I want some more clarification on, and better yet creative solutions. The following worries/confusion I have are:
- I can't attend seminars/clubs. My mother says I'm not old enough (I'm 15) and we're too busy. Attending these events are REALLY important (I can find my first mentor, network, collect business cards, etc), but I'm held back by my situation.
- What is the optimal way to fund my first deal? Do I work a job to save for a FHA loan? Do I learn wholesaling and try to make money off that? I did read Brandon Turner's book on buying properties with low-to-no money, which leads me to my next concern.
- I can't retain all the information from the books. Not understanding something when I want to think about it makes me anxious.
- Is starting an official company/business the only way to obtain a net worth of $1 billion worth of assets? I want my involvement in managing my future properties to lessen, becoming more "passive". I ask this because business owners/CEOs have to work the hardest in the company. I may have not started investing but I want to aim big in this career (realistic or not), while also having me-time and getting to use my wealth to do things I want at some point.
I'm going to start as early as I can, so I can squeeze the most of out of real estate. I acknowlegde my questions are rudimentary and are probably obvious/ridiculous, as someone whose never worked before and I may not be asking the right questions. But all help is appreciated here as someone new, and if there is something I can do, please list that suggestion(s).
Thank you.
Most Popular Reply
![Derrick E.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/240890/1621435547-avatar-flyhawk98.jpg?twic=v1/output=image/crop=576x576@140x44/cover=128x128&v=2)
Get a job and save as much money as you can over the next few years. When you are within two years of purchasing make sure to have good tax returns to submit as lenders will want tax returns for last two years.
Use the money you have saved and your tax returns to buy a duplex/triplex with an FHA loan and house hack.
That would be my game plan in a nutshell. Best of luck.