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Updated about 4 years ago on . Most recent reply

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21
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Logan Taylor
  • Specialist
  • Waco, TX
9
Votes |
21
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Where would you start if you were 19?

Logan Taylor
  • Specialist
  • Waco, TX
Posted

Hello,

I am a 19 y/o from Texas currently in my first year of college working towards a finance degree... Im very interested in real estate and the endless possibilities included in the business. I have been heavily researching the business for roughly 2-3 months now. I want to ask investors what you would do if you were in my shoes.

What would you do if you were 19 and heavily interested in real estate? Any responses help, just looking for some words from the wise.

Most Popular Reply

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748
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832
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Brandon Rush
  • Real Estate Agent
  • Portland, CT
832
Votes |
748
Posts
Brandon Rush
  • Real Estate Agent
  • Portland, CT
Replied

Logan! You are in the right place. Here are a few options for someone your age:

* Work a W2 job for two years to build up work history, making yourself eligible for a loan/mortgage. That first property I would recommend being a house hack. Its such a great way to start.

* Do not start chasing the "American Dream" of a nice house, car, dog, pool and all that junk. Its all a trap which is hard to get out of once you get started. Read the book Set For Life by Scott Trench, its perfect for someone your age. As important as real estate may seem, your personal expenses and lifestyle are even more important.

* You could look into wholesaling properties now. Its a low cost of entry compared to buying properties and would allow for you to build up some significant money.

* You can offer to volunteer your time in a real estate related career such as a realtor's office, construction company or a property management company. You will build very good relationships and gain lots of hands on experience which will give you a head start.

Good luck Logan and let me know if you have any questions.

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