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Updated about 4 years ago on . Most recent reply

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Turning 18 in a 1 1/2 years and need advice what to do till than.

Sebastian Guzman
Posted

Alright here's the rundown. I'm 16 and graduating early and I went to invest in real estate when I turn 18. What steps do I need to take before those 1 1/2 years go by and I'm off to my own devices?

Also, side question what would be a good degree for REI? I have my Father's GI bill so I am paid to go to college.

NOTE FOR MODERATORS, THIS ACCOUNT HAS BEEN OPENED WITH THE EXPRESSED PERMISSION OF PARENT OR GUARDIAN

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Brandon Rush
  • Real Estate Agent
  • Portland, CT
832
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Brandon Rush
  • Real Estate Agent
  • Portland, CT
Replied

Sebastian,

I would recommend going out and getting W2 job to start establishing some income which will help you qualify for loans when the time is right. Take a position in something you enjoy and learn about real estate over the next two years. If you really love real estate, you could take a job in the real estate field such as construction, property management, or become a real estate agent (not sure about the age requirements).

Also, in the meantime you can look into potentially wholesaling properties. Its a way to get in that requires some money, but property investment money. I see many youngsters like yourself doing it, and doing well. 

Good luck and feel free to reach out with any questions!

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