Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago, 03/31/2017
Risks involved while investing in college?
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!