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Updated over 6 years ago on . Most recent reply

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Nineteen Year Old Starting Out

Julian Arredondo
Posted

Hi everyone - as the title implies, I'm a nineteen-year-old interested in investing. I've done some research but would like some community input. Here's my current situation: 

- Little to no capital available as of now 

- Haven't been employed - just manage a small photography business I recently started 

- Have the support of my mother and brother, although both have fairly low incomes

- Am currently a real estate agent in training on board of a team with a reputable mentor

What do you think I should do to begin investing and how should I go about doing so? Please provide some info or redirect me to some resources that you think will be of value. 

Thanks!

Most Popular Reply

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162
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Jared Baker
  • Hartford, WI
50
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162
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Jared Baker
  • Hartford, WI
Replied

Hello @Julian Arredondo

Being young you will have a lot working against you, but you also have the energy and drive to make things happen.  I would suggest you start by reading @Scott Trench's Book Set for Life.  Has a lot of good advice on how to get started.  I would definitely read the forums and begin running numbers on properties in your area to learn the cost.  In the mean time focus on building up a down payment for your first property.  You're definitely going to want to make sure you have a good amount of cash in reserve for any deal that you come across, unexpected expense can and will occur.  Investing with nothing in reserve is dangerous.

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