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Updated over 4 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Steven Rodriguez
  • New to Real Estate
  • Miami, FL
4
Votes |
15
Posts

Im 17 years old and I have no idea where to start

Steven Rodriguez
  • New to Real Estate
  • Miami, FL
Posted

Okay so about 1 year ago i read a book that changed my mindset called Rich Dad Poor Dad and since then I've been saving up money through some jobs i worked at. I used to read up on books about stocks but i quickly realized i wasn't very passionate about that but then someone recommended me Brandon Turners blue book on Rental Property Investing and i quickly loved the idea of renting out houses or fixing them up.

I'm feeling a bit overwhelmed and i don't know where to really start. Do i educate myself more? Do i save up more (currently have 2,400)? I would appreciate your insights and advice on what i should do and how to start off at 17 .

Most Popular Reply

User Stats

239
Posts
168
Votes
Dani Beit-Or
  • Investor
  • Irvine, CA
168
Votes |
239
Posts
Dani Beit-Or
  • Investor
  • Irvine, CA
Replied

WOW! 17 and already thinking about investing - kudos to you. (and I thought I started young (26)) 

Gaol: buy your first rental before you are 18

what you need to do:

1. Invest in learning how to evaluate and analyse an investment

2. Don't be pressured to buy - take your time

3. Find/follow a mentor - start building knowledge and build your "bible"/checklist

There is so much to learn. and many great resources.

You can signup for a course or spend hours on YouTube/Podcast

If you choose the latter - take notes and come up w/ your Do's and Don't list

If you have no cash - your best option would be seller financing. that will take time to find but will work in your favor.

I hope you hear this one FULLY: If you play this right you can be FREE and CLEAR by the time you are 30-35. There are people in their 40s and after that are still trying to figure it out . . . 17 WOW.

Good luck 

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