Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

92
Posts
22
Votes
Kenneth Huddleston
  • Real Estate Investor
  • Troutdale, OR
22
Votes |
92
Posts

Teenage investor starting out

Kenneth Huddleston
  • Real Estate Investor
  • Troutdale, OR
Posted

Hey, my name is Kenny. I am 16 years old and currently in high school. Because this is the time in your life when you are most pressured into making "decisions" about your future, investing has appealed to me for quite a while now. I put quotes around decisions because its become, in many ways, almost an unwritten law that you go to college, get a job, work for 30+ years, and then retire, grow old, and die. The more i thought about this traditional path the less it appeals to me. I myself do not wish to spend 2/3 or more of my life in a a dead end job that does nothing for me but make ends meet.

Although i've always had a mild interest in investing and business, it had been stifled for quite a while by all the traditional knowledge of it. This traditional knowledge is that you should invest in mutual funds or commodities and in 20 or 30 years, it could lead to a size-able bank account. Now i have always been avid about long term planning, but 20 to 30 years was a little outside of my scope, then i started reading autobiographies of real estate investors, warren buffett, and other instructional books that proved to me this traditional method is not law. Now i am studying avidly on how to start building passive income NOW. Real Estate is one of the methods i came across, but the only issue i find there is that implementing a real estate "career" as a teenager is RIDICULOUSLY hard, or at least as i understand it.

So what i am here to ask, is if you guys have any hints on how i can start building income, preferably passive, now. My goals are to have built up 1000 dollars of passive income by the time i have left high school. The reason i want to do this is that, for one, it will prove the path, for me and for others, in that it shows that i know what i am doing. Also, when i turn 18, i intend to get a realtors license and work as one for the sake of gaining market knowledge as well as funds to grow my investments both in real estate and in other areas. Since being a realtor is a business like any other and has startup costs, the 1000 dollars would help with that. I also hope to have the OPTION of retirement by the age of 25. I may never retire, but i want the freedom to say that i can. Keep in mind i am open to all forms of investments; real estate, internet marketing, etc. Whats important to me is that i can start NOW. I realize that, at least in some ways, it may be smarter to wait a few years and just focus on learning, but to that i have two responses. 1) I am an impatient, impetuous teenager. I am at peace with that. 2) I have read dozens of books and feel i am at the point where i have learned everything books will teach me and i need to get going. Thanks for listening to my, admittedly long, rant; any advice is appreciated! 

Loading replies...