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Updated almost 4 years ago,

Account Closed
  • New York, NY
5
Votes |
14
Posts

Where should I even begin?

Account Closed
  • New York, NY
Posted

Hi everyone! 

I'm 20 turning 21 soon and my goal in life is to be financially successful within the next few years. I know it doesn't happen overnight and I am willing to put in the work it takes to be financially successful. I didn't go to college because I wanted to start my own businesses. I worked for one of my family members 2 years ago and I learned a lot from them. They are not in Real Estate. 

     I currently own and operate a construction company which I started last year. This company was started for my dad so he could stop working for someone else and actually make a decent living instead of paycheck to paycheck. He had his own company 4 years ago but due to other issues, we had to sell the equipment and truck.

    I don't like working construction. My two goals in terms of business are to start my own trucking company and build a real estate portfolio. I will be doing both this year. I have the knowledge and experience in trucking and I love driving so I think this is a good opportunity for me to take to become a successful fleet owner. In terms of Real Estate, my goal is to become a successful investor and possibly a developer.

     I want to start the trucking company, grow it, while also building a real estate portfolio. I know I can handle both but getting started is the hard part. In the end, with both trucking and real estate, my goal is to be financially successful and very well off in terms of wealth. 

     Should I start trucking first or real estate? I don't want to delay real estate while growing the trucking company and then the good deals are gone.

I have been considering getting a Real Estate agent license but many people I spoke to online, said not to since there's no point if I'm not going to actively look to represent buyers and sellers, which in reality I'm not. I wanted to get the license so I can get access to MLS, I save on commission, and after 2 years of active license, I can apply for a brokers license. If I choose this route, I would want to do an all in one real estate company, where I do property management, investing, developments, sales/leasing.

     As you can see, my mind is all over the place in terms of choosing what to do. I'm 100% going to do both trucking and real estate. But I just can't decide which field I should put 100% effort in FIRST. Please share your thoughts and advice on what I should do.
  
     
 

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