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Updated over 11 years ago,
young investor
Hi, my name is Shawn. I am 18 years old I'd love to get some help. I currently am working 2 jobs and I am netting around 60k a year, no expenses so I have around 50k a year after taxes. I am a complete RE novice, my parents own various properties and have developed RE but they aren't will to share their knowledge with me, they prefer I "learn on my own".... they agreed to go into business with me as a partner and have allowed me to use their credit under their supervision if I fork up all the cash used in the RE deals. I love expanding my RE knowledge, I read biggerpocket blogs and forums all the time, I've purchased many RE books as well. I'm just not sure where to begin, as I've previously stated. University classes aren't really an option, I don't find myself as motived when I am being taught in a class, I'd rather learn on my own via experienced investors and through trial and error...don't get me wrong though I love learning just not in school format.
I have a general idea of the various types of investors, the passive rent based person then you have the flipper, the developer and finally the investor who's strategy incorporates both rental, flipping and development. I aspire to make it big. I consider myself risk adverse, I don't mind taking more risk for a bigger reward. I'd love to go straight into RE development but I know that is no very likely. So how do I do it, make it big that is? LOL, I guess that's the million dollar question. Any help would be appreciated also my market is Sonoma county, CA