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Updated over 18 years ago on . Most recent reply

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I have $95k to invest, but i am 18 with no credit

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Posted

Hello,
Im new to the forums and have read a lot of articals.
I am 17 years old and im in my 1st year of college in NJ. On my 18th birthday in about 3 months I will inherit $95k. Most kids my age are telling m to buy a $30k plus car with that money but I want to invest it. I want to get into investment realestate and I need some help from the gurus about what to do. Heres my goals and my situation

1) Im located In NJ, So i need property in that area

2) I'm inheriting $94k and am willing to invest all of it in real estate

3) I will have no credit as I would have just turned 18

4) I would like to be making Well into the six figure range per year within 3 years

5) I want real estate to be my career, my only Job

6) I would like to make at least $1k Per month within the next year.

7) Be worth (net worth) $1million with in 5-7 years

I would like to know if these goals are attainable and what would be my best route to attain them. I am very motivated. Thanks in advance

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