Interested 16 Year Old In Real Estate

[Gabriel Salata]

I'm 16 years old and very interested in real estate investing and I am unsure how to how to start. My parents have money invested in the stock market that I suggested could be diversified into real estate. By diversifying some of my parent's money I could obtain a valuable learning experience. My father is an architect and would like to develop a few residential properties. My mother just has money in the stock market and would like to diversify. Which books should I read? Is anyone willing to give me advice? Do you guys have any suggested strategies?

[Brandon Rush]

Gabriel,

Start with reading Rich Dad Poor Dad by Guy Kiyosaki. Before you dive into real estate, you need to establish a mindset for why you are doing it. Following that I would read set for life by Scott Trench to embed some ideas in your head regarding personal finances and not following the path that most people take when in their twenties. This book is great of younger people like yourself. After reading those two books, THEN I would read the ABCs of Real Estate Investing by Ken McElroy.

The reason I suggest reading in this order is most people think I am going to invest in real estate and get rich. By taking on this mindset you will skip the "why" part of your journey and either burn out or start to find it uninteresting.

Good luck on your journey looking forward to seeing you post your successful property purchases here on BP in the future!