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Updated over 5 years ago on . Most recent reply

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Jose Leon
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Votes |
7
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17 years old, I want to get into real estate!

Jose Leon
Posted

I’m Leon, 17 years old and I live in Connecticut, actually moved here a month ago. I was thrown out of my home by my mother who was addicted to drugs. I work part time for a restaurant, I’ve had 4 jobs already and realized that i’m honestly not making the money I should be. I turn 18 next month and plan to open a bank account and get a credit card which i will use for the sole purpose of gaining credit, not debt. I’m very uneducated in financial endeavors, and I have very little knowledge of real estate or landlords and such. Even certain terminology I have yet to figure out. I just want advice, tips or mentorship on where to even start in life with this. I want to either become an investor, that can snowball by putting in my own money from work, or a landlord with my own properties to rent to people. Please anyone help me to understand the first steps i need to take with this, i’m trying to start as early as possible. Thank you!

Most Popular Reply

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4,133
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Jaron Walling
Pro Member
  • Rental Property Investor
  • Indianapolis, IN
3,809
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4,133
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Jaron Walling
Pro Member
  • Rental Property Investor
  • Indianapolis, IN
Replied

At your age it's not wise to dive head first into anything. I would focus on education and reading/mentoring/job shadowing as much as possible! You will learn a lot from hands on experience and still be able to work the restaurant job(s). Hopefully after few years you're interest/skills in real estate grow and you make some connections in the industry. By the time you're 20-25 years old you could own a few properties, save for reserves, flip, or wholesale deals. 

The sky is the limit but it starts with education. 

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