House flipping

[Jeb Armstrong]

My father offered me a partnership in house flipping with him, which I would begin when I graduate. Can I flip houses at 18? Obviously I would be using my fathers money to start out and not my own because it's impossible for someone my age to get a large loan. Am I too young to flip houses? Would it be risky, and would it be a full time job for me?

[Arlen Chou]

@Jeb Armstrong 

• it will be hard
• yes, it will be risky, but that is part of becoming successful
• yes, it will be a full time job, if you want to be successful and you want to control risk

Can you do this at 18, only you can answer that question, but here are a couple of data points for you to chew on:

• Mark Zuckerberg created the Facemash when he was around that age, which was a starting point for Facebook
• Michael Dell started Dell Inc around that age

But it is important to keep in the FRONT of your mind when making this decision, both Zucerkberg and Dell did what the LOVED and made a success of it.  If you are doing this just because you don't have better options, then you probably should think much longer and harder about becoming a flipper.

Good luck!

Arlen