Taken less seriously due to age?

[Account Closed]

Im 19 years of age and I recently graduated from High school and pursuing a career in real estate. (Currently taking classes to get my license in the state of Minnesota!) But Ive always been fascinated with rehabbing/flipping homes. I feel that since I’m so young that an investor wouldn’t take me seriously enough to lend the cash necessary for me to get a deal done. Obviously I have very little cash and no credit score. Help!!!!! What do I do…..

[Peter MacKercher]

My advice for anyone starting out without the cash/credit to start investing is to find someone doing exactly what you want to do and try to work for them. You're young so you'll be able to work hard, but learning from the bottom up will let you streamline everything you do when you're not fixing buildings up yourself since you'll know what it takes to get the jobs done. But you're right -- people won't take you as seriously as someone older at this point, and less so since you're just starting. Just take advantage of your youth by focusing it on learning the skills that will force people to take you seriously.

If you're just focused on flipping, then try to find a flipper and provide as much value to them as you can to make their mentoring worth the while for them. You might also want to work for a property management company in case you ever decide to change what part of the industry you're in.

You're on the right track, just keep reading, ask questions and get out there and learn from your mistakes as well as your successes.