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Updated almost 11 years ago,
18 Year Old Investor Needing Advice
My name is PJ Pahygiannis and I was wondering if you could give me some advice on getting started in buying real estate to rent for cash flow. I live a half an hour outside of Washington DC and LOVE investing. I'm 18 years old and will be a freshman in college in the fall. I've analyzed about 8 properties so far, a couple are near me, but the rest are in Ocean City about 2 hours away. I'm pretty sure I could make $7,000 for a down payment in about 2.5 months (I'm a writer and get $50 an article, I can easily write 2 articles a day. Any tips? My parents really don't know anything about real estate, and I think it scares them a little. I've learned a lot about cash flow/real estate from Robert Kiyosaki.
Thanks,
PJ