How does High Schooler Start?

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How does High Schooler Start?

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Member since 2008 · 20 posts · 0 votes

Hey people.
Im 18 years old going into my last year of High School. I've all of sudden lately had this feeling that real estate is thing I got to be doing. I mean seriously it is a lot of work finding real estate but what a sweet job. I've always known that I dont want a boring job where I have a boss and work 9-5 and I've always known I want to make some big money at the same time. So with that Im wondering if I want to invest in real esate in the future how should I start. First off Im going to college in a year and Im planning to take like Bussiness/Economics as my major but not sure if this is going to help me in anyway. I feel I have to go to college, but basically Im unsure where I should start out here? any help would be great! thanks

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  • Frank Adams
    Loveland, CO · Member since 2008 · 1k+ posts · 123 votes
    20y

    Hey gators, welcome aboard.

    IMO one of the best beginning steps you can take is what you're already planning, furthering your education! I think that accounting, economics and business communication are some of the best courses as far as helping you in your investment career. Some other general advice; read EVERYTHING, consider joining a local REI club and start saving as much money as you can!

    all cash

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  • N/A N/A
    Member since 2008 · 362 posts · 1 vote
    20y

    Allcash gives great advice. It applies to all newbies whether your 18 or in your 20's, 30's, 40's or beyond. Education is important. Understanding how things work is important. A REI club is a must to better your education and to learn more about your market. Be sure to network.

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  • N/A N/A
    OP
    Member since 2008 · 20 posts · 0 votes
    20y

    do you have any books that would be good startes for a rookie?

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  • N/A N/A
    Member since 2008 · 362 posts · 1 vote
    20y

    What part of real estate do you want to do?

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  • N/A N/A
    OP
    Member since 2008 · 20 posts · 0 votes
    20y

    im not sure like what books whould be good for me to read though? donald trump i dont know

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  • Jason Barnett
    Dayton, OH · Member since 2008 · 517 posts · 17 votes
    20y

    We're trying to help you... really we are.

    What do you want to do? Do you want to rehab houses? Become a landlord / property manager? Do you want to be a bird dog? A realtor? A note buyer / trader? A property appraiser? Title research? A mortgage broker? There are a lot of ways that you can get involved in real estate. Think about what you want to do... but a lot of people start out becoming a bird dog (AKA "wholesaling" properties).

    Let us know where you want to go and someone will probably help you get there.

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  • N/A N/A
    Member since 2008 · 362 posts · 1 vote
    20y

    There is not just one "all purpose" book about real estate. There are different areas of RE as Juzamjedi has stated. You may want to research each of the areas that he mentioned and then we can recommend books to help you.

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  • N/A N/A
    Member since 2008 · 2 posts · 0 votes
    20y

    I'd start with the book Rich Dad, Poor Dad by Robert Kiyosaki. It's not all about real estate but it's a good way to get motivated about financial independence! It's also a easy read.

    I'd also suggest to start saving money in your money market, or stock portfolio. The younger you start letting your cash multiply the better.

    College is a great experience and you really shouldn't miss out on it. You will learn a lot from a business major about communication, leadership, and the basics of business.

    Try to find local REI clubs, that is also a great place to get to know others in the field and they'll surely be impressed to help out. Good luck!

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  • Abraham Cohen
    AL · Member since 2008 · 84 posts · 2 votes
    20y

    Get a license as well. Florida allows online education and you should start ASAP with an accredited RE licensing school.

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  • N/A N/A
    Member since 2008 · 2 posts · 0 votes
    20y

    cprntr, I am also a youngin' getting into the game of real estate. I hope to own my own real estate development/new construction firm. Would you suggest that a brokers license is necessary right away? (anyone is welcome to give advise!) :type:

    I'm going to grad school for my MBA and have 2 choices. One is in Florida with a concentration in real estate, the other is So Cal with a concentration in entrepreneurship. I believe the question is obvious haha, but I'd like to stay in california. But the FL mba will put me on the fast track to become a broker.

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  • N/A N/A
    Member since 2008 · 2 posts · 0 votes
    20y

    Im envious of how early you want to start. Thats great. Like others have said, get some books and take some RE classes. See if you can get into a local realtor and see if they will pay for classes, but also see what you are locked into. Your young enough where you can work with big company and learn the ropes for a few years then venture out and Rule the world. hehe. Good luck and God SPeed to you !!!

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  • Wes Tuinstra
    Member since 2008 · 664 posts · 18 votes
    20y

    The question was: which books to read?

    Well...why not go to the articles section of this very website
    and begin reading there. It's free. And it's good.

    Articles like: "Bird dogging 101" which will explain what that
    is and how to get started.

    While you are in college you can be doing Real Estate Stuff.
    You can do it in High School too if you're 18.

    But find your niche. (personally...I would trade Forex while in
    High School but don't get me started :wink: )

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  • Michael Mulrooney
    Member since 2008 · 67 posts · 1 vote
    20y

    You can find a lot of information in books stores that you can pay thousands of dollars for from TV infomercials, although I used to watch Carlton Sheets every morning before I would go to work. I would get motivated before I walked out the door from watching him. I would definitley begin saving as much money as you can and possibly start by purchasing a home that you could live in. Maybe a duplex that you could live in and rent out the other side. Many people have taken this route and were able to live almost for free because of the rental income from the other unit. That is what I would do if I were starting out again.

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  • N/A N/A
    Member since 2008 · 21 posts · 0 votes
    20y

    I think the idea to pursue Business is a great idea. Even if you only work for yourself, you should still run yourself LIKE a business. NEVER STOP LEARNING, especially about Business. When you think you know it all, look behind you, most of what you have learned will have changed.

    Woods
    www.LoansInAnyState.com

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  • N/A N/A
    Member since 2008 · 16 posts · 0 votes
    20y

    I built my daughters credit scores with mine since she was 15. She had her first investment home at 19 and her scores are 759.....having your parents get your scores up are first thing and get with your local meetings and network network network. She's now 20 yrs old.

    Good luck

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  • N/A N/A
    OP
    Member since 2008 · 20 posts · 0 votes
    20y

    I really want to get going on this now somehow I want to put my feet in the door of the real estate world. do you think someone would hire me Im in High School I dont think someone would hire me as a bird dog b/c i dont know anything about real estate. In college maybe b/c I'll be going to school and learning somethings

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  • N/A N/A
    Member since 2008 · 16 posts · 0 votes
    20y

    Not amatter of hiring you...I work with alot of young people and get them going becaue we are there to hold their hands and hued them. Real estate education is what you need.

    FYU; I boughtmy 1st home at 19 years old...I am (UGH!) now 50, so it's been a great ride. I wanted to leave the legacy of education to my duaghters, not just wealth...

    Thanks

    Roseanne

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