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Updated almost 5 years ago on . Most recent reply

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Derrick Mitchem
  • Rental Property Investor
  • Anderson, IN
0
Votes |
1
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About to finish high school. I Need Advice!

Derrick Mitchem
  • Rental Property Investor
  • Anderson, IN
Posted

Hello everyone, my name is Derrick I am currently a senior at Anderson high school. I have done a good deal of homework when it comes to real estate investing but just like any journey I must begin with the first step. This is that first step, I understand some of the basics of what I need to do but I don’t know in what order to start or even how to start. Considering most of who I watch, read, and listen to are people who are way ahead of me and I find myself lost at the very beginning so this post is for anybody who can give me even a little shred of advice as I plan on beginning my career as soon as I turn 18 which is in the next week. So again any tips, tricks or anything alike would be tremendously appreciated, thank you.

Internships and Job shadowing is something I am also widely open to!

Most Popular Reply

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61
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46
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Tatyana M.
  • Investor
  • Tobyhanna, PA
46
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61
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Tatyana M.
  • Investor
  • Tobyhanna, PA
Replied

@Derrick Mitchem Hello there and congratulations on upcoming birthday and being a smart cookie!

- get collateralized credit card (no more than $500), pay in FULL each month, religiously!!! . this will start your credit history which will be very important when applying for loans, refinance, look for legit partners. 

- set up overdraft protection for your checking account (if you dont have one, get one; local bank would be better than national ones)

- consider going to trade school or doing apprenticeship (plumbing, electrical, HVAC). really helpful skills. really.  

- consider working for real estate office - receptionist, assistant, anything. also consider becoming an agent. 

- do not over leverage, do not spend on stupid stuff, save up, keep reading,  meet people, be nice and kind to others - it does pay back. 

good luck!!!

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