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Updated over 5 years ago on . Most recent reply
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i’m 17 years old and need guidance
i’m currently 17 years old and going into my senior year of high school. most people are probably wondering what i’m doing on here. my dream is to invest in cash flowing commercial real estate. but i’m not sure how to get there and need some help. i’m not sure if i should go to college and gain knowledge on finance and real estate first because i don’t know much. my dad currently has some commercial real estate and is making 4000 a month of just of just one building so that is what i want to achieve just on a higher scale with more property. i already have him co-signing with a credit card where he pays the bills so once i turn 18 i can get a credit card and already have perfect credit. but i’m not sure if banks would give me a loan for buildings that are 500,000+. im just looking for more information and what people think i should do
Most Popular Reply
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Congrats on having such high ambitions. I would recommend you focus on getting the best paying day job you can. A job that can pay your daily expenses and allow you to accumulate cash. If you plan on getting property loans, you need some regular employment.
You can also partner with experienced pros to purchase your first few properties. Either way, I'd recommend you focus on getting a solid day job so your daily expenses are taken care of. Anything you earn from real estate can be a bonus for you.