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Updated about 5 years ago on . Most recent reply

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Austin Jacobus
  • Rosemount, MN
4
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14 year old interested in real estate.

Austin Jacobus
  • Rosemount, MN
Posted

Right now I am currently 14 years old and I have been reading The Ultimates Beginners Guide to Investing in Real Estate by Brandon Turner. I have also listen to about 15 BiggerPockets podcasts about house hacking and investing in multi-family properties. I have a few questions about multi family investing. I know I am very young to be interested in investing in real estate and planning out my life this early but I am very intrigued about real estate. Should my first investment use the BRRRR strategy when I have no experience on anything? What are some states that have cheaper fixer-uppers (I currently live in Minnesota)? What books do you recommend for learning more about the Real Estate aspects of House hacking and the BRRRR strategy. If you could, can you please answer my questions. Thank you for your time.

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Phillip Erickson
  • New to Real Estate
  • Forest Grove OR
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Phillip Erickson
  • New to Real Estate
  • Forest Grove OR
Replied

I would defiantly recommend reading as much as you can, in order to absorb as much information as possible. Its good to be interested in real estate at a young age. Personally I wish that I had been interested when I was younger. You are never to young to start good habits, and be thinking about your future. As far as actually investing, there really isn't any way for you to start at this age unless you have a lot of money, but do as much research as you can so you can understand how to find a good deal, and even practice evaluating deals. I would also agree with @Tim Swierczek that finding an investor that can help you learn the basics, and can mentor you when you are ready to start investing is a great idea. 

Some good books to start with are: 

Rich Dad Poor Dad by Robert Kiyosaki 

The House Hacking Strategy by Craig Curelop

The Book On Rental Property Investing by Brandon Turner

The Bigger Pockets Channel on Youtube is also a great place to learn about investing.

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