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Updated over 5 years ago,
Young and very very hungry
Hi, my name is John Stark and I recently just graduated high school. Recently I have been getting very motivated about how money works and would like to learn as much as possible about how to make my money work for me. I’ve read “Rich Dad, Poor Dad” plus other business books. I’ve watched countless videos and have considered many possible streams of income from day trading, to owning a gumball machine.
But, nothing interested me more than that of owning rental properties. I currently live in Ohio near a soon to be HUGE cracker plant. And I believe prices of houses are going to go through the roof.
My question is, how can an 18 yr old with little savings come up big when it comes to rental properties. Should I save 20% down and loan a house out? Should I try whole trading? Is investing money into stocks monthly the way to go?
I’m looking for anyone who has the knowledge I seek. Thank you for taking the time to read this!! Hope to hear from you soon! :)