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Updated over 9 years ago on . Most recent reply

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Tanner Lough
  • Real Estate Investor
  • Ames / Des Moines, IA
1
Votes |
5
Posts

knowing what you know now, but being 20 again.

Tanner Lough
  • Real Estate Investor
  • Ames / Des Moines, IA
Posted
My name is Tanner Lough, I'm from Des Moines Iowa. I'm 20 years old and this podcast has given me a plethora of knowledge. I quit my job to just pursue owning my own business. Not only is owning real estate so incredibly important to me but increasing your stream of income is almost the most important thing I can do. Like I said, I'm 20 years old and even though I can have an educated conversation with some of the most high prestige investors in my area and nearly shock them with what I know and have set my focus on, the road to getting there is a long one for me (because of my age). It seams people don't take me seriously, I need to know how to gain more insight on dominating the rental market in my area. What would you have done being 20 years old and knowing what you know now. My mother instilled great things into me, business and saving were the most important and I'm so incredibly great full so I have a solid nest egg that Iv built and saved. Probably more than an average person my age. I don't have any credit and I don't want a car loan or to be taking out loans on things I really don't need. I know I need to establish a credit line but how can I take the right steps now to set myself up for that. I'm not wanting to jump into a deal, but to learn and set myself up for the right day. Thanks, Tanner

Most Popular Reply

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28,222
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,260
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28,222
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

@Tanner Lough

Welcome to the site.

1st thing I would do if I were you would go get your real estate license. This is going to provide you a few things.

1. An income, you quit your job and will need income to come from somewhere.

2. Networking. You can provide value to other experienced investors and real estate owners by being the best agent you can be. These are the types of people you need to know.

3. Experience and knowledge. You will gain so much experience and knowledge by being in the industry day in and day out.

While simultaneously doing those three things you'll be able to work on purchasing your own investments 

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