Real Estate License at 18?

Question

I’m 17 years old and I have been learning how to invest in real estate. Currently, I am in the process of studying to gain my real estate license with my 18th birthday being a few months away, and I wanted to ask for any tips for a young aspiring investor like myself. Also, does a real estate license really put you at an advantage inside the real estate investing world?

Thank You.

Jacob Peistrup · Answer

I'm 19 and have my license. A lot of people I know in college are around my age with their licenses. The big benefit IMO to being an agent and investor isn't JUST having a license, it's having experience as a real estate agent and realtor. Just having the license won't do much, but working as an agent will give you a lot of applicable skills to being an investor... knowing the ins and outs of contracts, how to negotiate, how to do marketing, how to generate business for yourself, and how to analyze markets and properties..There's a lot of ways to make money in real estate (e.g investing, being an agent, wholesaling, flipping, etc.) and doing any one of those (and being good at it) will make you better at all the other methods as well. They all build off each other because there are common elements.

Shawn Mcenteer · Answer

Hi @Artist J. Covington glad to see you are eager to jump into real estate. Starting young is great, staying committed is even better. My advice to you is invest in yourself; stay active on BP, always take an open minded approach willing to learn, and show up. If you have an appointment show up, if you sign up to an event show up, if you have to make a cold call and have no clue how show up (and make the call haha). Becoming a licensed agent so young is great. Do some research with agencies, if you need help finding a brokerage that works for you PM me and I will be more then happy to give some advice. Best of luck!

Shawn Mcenteer · Answer

@Artist J. Covington take action. Learn some scripts to start out, practice on friends, then implement. My best advice is to learn whatever it is you are calling about then put it into your own words. This discussion can go very deep, utilizing words and tone in certain way etc. But for now take action.

Evan Loader · Answer

Have you heard of Graham Stephan? He is a Youtube personality that obtained his real estate license at 18 and target affluent households in the Hollywood, CA area. He was a millionaire by age 25, started his Youtube channel to share his stories and now makes $250k to $350k per month in ad revenue just making videos in addition to selling real estate. Check out his page, especially his earlier videos to hear his story. He's currently age 30 and worth $6.5 million, mostly from selling real estate and investing those commissions into buying/rehabbing/renting properties he buys at a discount. He really is inspiring, and is perfect for someone in your shoes as he started at the same time as you.

Dan Sheeks · Answer

Hey @Artist J. Covington. Congrats to you for your ambition! I work with a bunch of young aspiring real estate investors just like you, and I am willing to help you out with some advice or even chat on the phone if you wish. But I recommend you read this article I wrote for Bigger Pockets titled How to Invest in Real Estate Before Turning 21. Once you've read it, let me know your thoughts and if you have any questions. I am a high school teacher in Colorado and I am always looking to help young people get started in real estate investing or help in any way I can. Let me know if you want to chat sometime.https://www.biggerpockets.com/..As for being an agent - there would be some pros and cons to being an RE agent and being so young. I wouldn't say it would be a bad idea, but it would come with some challenges. I'd be happy to chat with you to talk about the pros and cons as I see them.

Kobe Xin · Answer

@Artist J. Covington I think it's great that you're getting into RE as early as you can. The most important thing I've noticed is being able to network and mastermind with the right mentors. Being licensed can help you do that, especially if you join the right team who are incentivized to help you succeed.

Shawn Mcenteer · Answer

Well said @Jacob Peistrup

Artist J. Covington · Answer

@Shawn Mcenteer Thanks Shawn! I’m definitely willing to connect with you, quick question, I know you skimmed on cold calling, what would be the best way to practice cold calling in your opinion?

Artist J. Covington · Answer

@Dan Sheeks Yes sir! Thank you Dan, I will read the article, and I would be happy to connect with you!

Artist J. Covington · Answer

@Evan Loader, Thank You Evan, I think I have stumbled upon a few of his videos, but I need to get deeper into what he does.