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Updated over 8 years ago,
Newbie from Chesterfield, VA
Hi all of BP forums,
My name is Blake Brown and I am currently 18 and in my first year of college. I am attending my local community college while working as a pizza delivery driver in hopes to save up enough money to start investing in real estate. I also have around 13K sitting in a college fund that my parents were able to keep since I attended a community college first instead of a traditional 4 year college. I plan on attending the University of Virginia to get a degree in statistics as I want to be an actuary. I started getting interested in real estate my senior year of high school when I forgot a book for my English class and picked a random one of the shelf of my sports marketing class. This book happened to be Rich Dad Poor Dad! I loved this book because of the idea of making passive income by owning rental properties and escaping the rat race. My future goal is to end up retiring early and living off my rental properties. Another goal of mine has always been to be a millionaire and now I want to own enough properties to get me to this point. I would like to know if this would be an achievable goal through real estate? I would also like to know would it be better to wait until I am older and out of college to save up some money from my actuary job or should I look in to get a place in a year or so with the money I make from my delivery job and the college fund I have in the Charlottesville area to start growing my portfolio? I like the idea of purchasing a duplex, triplex or quadplex with an FHA loan so I don't have to put much down on it and that I would basically be living rent free. Is this a good plan for my first property? As of now I have listened to the first 12 podcasts and plan on listening to them all, read the ultimate beginners guide, and purchased a couple of books that were recommended on this website. The books I purchased are Think and Grow Rich by Napoleon Hill and The 4-Hour Workweek by Timothy Ferriss. I plan further diving into the information from these forums to see what they have to offer. Also that is my little cousin in my profile picture in case any of you were wondering. Sorry about the long post! I look forward to hearing your advice.