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Updated over 11 years ago,
New Kid from Palm Beach, FL!
Hello Everyone,
My name is Darryn, I'm an 18 year old real estate entrepreneur from South Florida. I came across this forum while surfing the web looking for ways for a young person can jump start their career in real estate investing and home flipping so I decided to join to hopefully gain some valuable knowledge from both people "doing it" and those who have "been there done that".
A little about myself: I've been an entrepreneur since I was 15 years old. I worked a job at a grocery store and decided right then this WAS NOT how I wanted to live. So after a few months I quit and started my first online business. I did this for two years until at 17 I was offered a job in the marketing department at a commercial real estate firm. I was thrilled and of course took the job. I've been here for about a year now and I'm now 18 just finishing up high school.
I want to jump start my career in investing and flipping asap because it has been a dream of mine for years now and the earlier I get started the more time I have to acquire more properties, make more money, and be more successful. On my 18th birthday at 1 in the morning I opened my first credit card account. 6 days after my 18th birthday I financed my own car. I've never made a late payment, so my credit is pretty damn good (mid 700s) but I'm working on building more history because I'm sure home loans are much harder to get than a car loan.
When I was reading in the blog, I read that one way young people can jump start is by having their first flip be a "live-in flip". Has anyone done this? And what is this loan I'm hearing about where you only have to put 3.5% down? If this is true, I should be able to purchase my first property within the next 6 months and get going. I am currently working on a business plan that I will implement as soon as I begin my career in brokering/investing/developing real estate but I am taking my time to learn the ins and outs.
Anyway, I'm looking forward to "meeting" everyone and hopefully sharing some valuable advice with each other. Thanks for reading!
P.S. - I apologize if my post is a little "messy". I am at work as I type this.