How did you get started young?

[John Moorhouse]

This question goes out to all the investors that got started early in life, early 20’s about. I read on here all the time about investors that closed their first deal when they were 19 or 23 or 25. How did you guys do it? What were you guys doing financially that allowed you to secure that first loan and get the deal? I am 17 going on 18 and I want to get started early, but buying my first deal at 20 seems unlikely. What are you guy’s tips and lessons?

More information on me...

I am 17 years old living in Buffalo, Ny. I work part time at restaurant. I am heavily into investing I have a decent sized portfolio on TD Ameritrade for my age, and I love finance and being in control of my money and being financially free. My next big is to get into real estate investing hopefully full time.

[Katherine Blazer]

Hi John, Congratulations! You can do anything you set your mind to and stick to a plan! I would suggest working on building your credit, showing a consistent job for 2 years while keeping your debt low. This will help you secure an FHA loan, you can then rent out rooms and help cover the mortgage. Then when you are ready, buy a second property to move into and repeat the process. You can also try wholesaling on the side to get to know the market, neighborhoods, and rehab levels. If you are able to connect with sellers that are open to subject 2 or seller financing, these are 2 great ways to build a rental portfolio with little downpayments. Don't forget about Private Money! There is always a way to make your goals happen if you really want them!