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Updated about 8 years ago,

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19
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13
Votes
Rand Knutson
  • Seattle, WA
13
Votes |
19
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Starting to invest in real estate at 18... Am I crazy?

Rand Knutson
  • Seattle, WA
Posted
Hi, I am 18 years old and have around $12000 saved up. I was thinking there must be some way to use the money meaningfully, and then I came across a YouTube video of Robert Kiyosaki's tips from Rich Dad Poor Dad. He says that smart people don't save money, they invest money. I was thinking of opening a Roth IRA and investing the max $5,500 so the money would at least be growing, but then I started researching real estate investing, and heard many think it is the best form of investing. I am thinking after I read a ton, listen to podcasts, videos etc., and learn a LOT on the subject, I would buy my first rental property within half a year. Is this a tangible goal for an 18 year old going to college next fall? Is there really enough benefit in real estate investing that would warrant this purchase? I would like any advice as I am only 1 day into my researching mission. Thank you!

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