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Updated over 4 years ago on . Most recent reply

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Danny Keating
  • Chicago, IL
5
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What is the best advise you could give to a young investor?

Danny Keating
  • Chicago, IL
Posted

I’m 17 right now and am new to this platform. I’m trying to learn as much as possible about real estate investing so once the time arises, I can dip my toes into buying property and earning passive income. What’s the single best lesson you got while investing or mistakes you made along the way that you think would be important for any young investor to know. Thanks!

Most Popular Reply

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299
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299
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Mack Benson
  • Rental Property Investor
  • Woodbury, MN
299
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299
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Mack Benson
  • Rental Property Investor
  • Woodbury, MN
Replied

The best advice I didn't get is that there are alternatives to using your own money for down payments. This coincides with the worst advice I got in that I need to have 25% down to buy an investment property. I got that worst advice when I was about 19 and it wasn't until I was probably 36 or 37 before I discovered there are alternatives. I could have saved myself almost 20 years if I would have looked outside the box back in the early 2000's. Surround yourself with people who are doing what you want to do and learn from them.

  • Mack Benson
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