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Updated over 7 years ago, 03/31/2017

User Stats

24
Posts
8
Votes
Jesse Stemle
  • Louisville, KY
8
Votes |
24
Posts

Risks involved while investing in college?

Jesse Stemle
  • Louisville, KY
Posted

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!

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