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Updated over 5 years ago on . Most recent reply
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College, Club Hockey, Night Life/Party, & Wholesaling Business?
ADVICE WANTED!
I figure I am targeting the busiest people around all in one post considering many of you have a full time job, do real estate on the side, have children, etc. bringing chaos into your lives so hear me out and please shoot your advice my way.
- I am 18 and attending University of Tampa this fall and will be taking relatively hard classes, as that's what college is...
- Want to play Club Hockey for the school (One day of practice in the evenings at some point during the week, and 2 games on weekends, note I would travel to neighboring states about every other weekend)
- Definitely enjoy going out to parties, clubs, bars, etc. and plan on doing so during the weekends at night.
- However, I now also really desire to start a wholesaling business and at least give it a consistent shot for 12 months (plan on staying there in the summer). I have listened to BP for approx. 6 months now and am a relatively new member to the site. I watch legitimate youtubers who are willing to share what they know with the public, and have taken hundreds of pages of notes about rental property investing and more recently wholesaling. I don't want to get what some people refer to as "Analysis Paralysis" and truly believe I have the information to start and run a successful business.
My grandparents are helping me pay my tuition as well as doing very well in highschool, so they way I see it is that I have 'free' rent and food, and my only real "personal expenses" will be beer. Lol. I have enough for about $700 to spend on marketing each month for 12 months straight, including my "personal expenses" and business start up costs (minimal). So with that said, and personal expenses low...
Do you guys think I can manage to balance the 3 important things in my life, and on top of that, have the time to own and manage a successful wholesaling business?
Most Popular Reply
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Hey kid enjoy life!!!! You have plenty of time to work hard at your real estate goals. Your 18 you have financial support from your grand parents. Take advantage of the situation while you can.
These should be your goals at this age:
1. Get good grades
2. Play Club Hockey
3. Party like a rock star
Enjoy College life to the fullest. You will only be young once!!!!
Don't worry real estate will still be there in 4 years when you graduate.
If you want to get a head start just study as much as you can about it. I wouldn't worry about jumping head first into REI just yet.
I have a son that is 19 (Indiana University Bloomington) and a daughter that is 18 (Emory University Atlanta).
This is the advice I have given to both of them so its not like I am telling you something that I wouldn't tell my own kids.