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Updated over 4 years ago on . Most recent reply

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Young New Member looking for some help

Christian Moreno
Posted

My name is Christian Moreno, I was born in Salt Lake City Utah and I still live around the area. I'm currently 18 years old, and I just started my generals in college. I'm fairly new to real estate investing. I have been researching, listening to the podcasts and reading forums. I'm trying to learn as much as I can while I raise money to invest in my first property. I actually have a few questions for you guys. Since I'm still young I'm not exactly sure what I want to do. I was wondering if anyone had a suggestion on a career I should maybe look Into that could fit into my real estate dream. I've always been very found of business, and I was looking into financial business managing. I'm not sure if there is something else I could pursue. I'm also not sure on how to start getting into real estate. Or what are some things I can start to do to make my investing journey more successful. I was hoping into getting into flipping or renting out mobile homes at first. 

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Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
1,411
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Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
Replied

@Christian Moreno

1) Have a full time job

2) Be attending a community college for your generals

3) Transfer to a state school and study something useful (STEM) Take an accounting/business class or two.

4) Buy a house with the most bedrooms you can afford. Live in the smallest and rent out the others by the room to other college students.

5) Continue studying and investing in real estate.

6) Get a full time job after graduation.

7) Always live well below your means.

8) Max out company match retirement plans or a Roth.

9) Drop everything else into investing in real estate

Diversification is the key to safely developing wealth. Most people waste their 20's. Sacrifice yours to wealth building and you'll have everything you need for the rest of your life. Investing in floppy boxes is a great way to start out but you might never move away from them. I know of a couple people that are millionaires a couple times over using those strategies.

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