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Updated about 7 years ago on . Most recent reply

Account Closed
  • Yonkers, NY
95
Votes |
506
Posts

14 year old looking to build capital

Account Closed
  • Yonkers, NY
Posted
Hi everyone, my name is Michael I'm 14 years old and I live in westchester county in New York. I want to start some sort of llc or other corporations so I can sign contracts and invest in real estate before I'm 18, what do you guys think about this? Also, I need to get capital to be able to do this so I was thinking of some things to do, here are some of them: Buy and sell things online for profit Maybe get a brokerage to invest in forex for me(some other type of investing like that) Do bird dogging (don't have money to market though) What do you guys think of these strategies? Also, do you guys have anything else I can possible do to raise funds? I am very motivated and trying to get started in real estate investing! Thanks!

Most Popular Reply

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260
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Ian Tudor
  • Specialist
  • Charlotte, NC
245
Votes |
260
Posts
Ian Tudor
  • Specialist
  • Charlotte, NC
Replied

@Account Closed - Love your ambition, Michael. At 14, you are thinking the right way. Your age shouldn't stop you from going after what you want. 

1. First, consume as much information on real estate as you can. Podcasts, forums, books, etc. At your age, people will question your ability to know anything. Be as educated as you can. 

2. Network. Uber to a real estate events if you have to. Surround yourself with bosses who get things done. This will help elevate your game and get you into deals. 

3. Volunteer your time to a realtor or flipper or someone with lots of deal flow. Real experience is the best reference to have. Reading can only get you so far. Work for free if you have to. It will pay off in the long run. 

Do these things and your world will open up. You will find yourself in opportunities and ways to make money. Over time, someone will take a chance on you. Chase your dreams buddy. I'm rooting for you. 

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