Investing at 18 Years Old with No Income

[Mateo Duba]

Hello BiggerPockets community!

My name is Mateo Duba. I just graduated from Miami Beach Senior High School and Real Estate Investing has sparked my interest/passion for learning.

It’s fascinating to me how the long term wealth and returns this industry provides supersedes literally almost any profession. It’s not just about the money though. When I think of Real Estate Investing I see it as a game of monopoly lol.

Anyways, enough of my long introduction, I wanted to ask anybody with experience, any accredited investors, hard money lenders, private money lenders, how in the world am I going to invest in any properties if I don’t have any money in my pocket?

I just spent the rest of my graduation money getting the BiggerPockets PRO membership and as well as 4 Real Estate Investment books from David Greene, Grant Cardone, Ken McElroy, and Traction by Gino Wickman. They say knowledge comes first then take action.

Anyways I want my first investment to be small. Something around the Median Price of $85k-$125k. But with only around $50 in my checking account and no income due to this pandemic, how in the world would I qualify for a loan for 0% down?

Would I take 2 loans to finance the property? Would that leave room for cash flow? Would it be smart to invest in state or out of state or does it not matter?How can I structure this?

Please help. Just need a little sense of direction so I can get the ball rolling. Thank you for reading this and for taking your time to help.

[Malgorzata Sadowska]

Check your PM - I have a job for ya (so you can start learning while doing).