Risks involved while investing in college?

[Jesse Stemle]

Hello,

I was curious as to what risks there are to investing while young (19).  I have a goal to purchase my first rental property by the time I am 21 but I am worried I might be setting myself up to fail.  What are some things I need to get straight before pursuing my first deal? What sort of money should I be making monthly before trying to buy a property? I am currently saving every penny I can for a future down payment, raising my income, and networking with other investors.  For some reason I am worried that if I was to buy a property young I could completely mess my life up if something were to go wrong.  I am still living at home and I am a full-time college student so the idea of me buying a house in the near future (next 2 years) seems absolutely nuts and honestly it really freaks me out. My parents seem to think the same thing so I am struggling to get past that mindset and I am not sure what my next steps should be. 

Any advice would be greatly appreciated!

Thank you guys!

[Account Closed]

Your 19.  It doesn't matter what you do.  You won't ruin your financial future.  Also, don't wait a couple of years to buy a house.  Buy one in the next 90 days.  Find a home under 50K that you think will rent and pull the trigger.  Get your folks on board as well.  Don't think too much about it.  Just do it.  You will learn all your mistakes on the job like everyone else.  Your local real estate group can help you with some of the particulars like a lease.  Get land lording on autopilot and just do what he tells you.  This isn't rocket science and looking back it is pretty easy.  You just have to get the right information at the right time.  Do not wait.  Do it now.