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Updated about 10 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Bobby Hoyt
  • Real Estate Investor
  • Friendswood, TX
2
Votes |
5
Posts

How old were you when you bought your first property?

Bobby Hoyt
  • Real Estate Investor
  • Friendswood, TX
Posted

I just wanted to see where I am in the grand scheme of things here...how old were you when you purchased your first property? I am 26 and will purchase my first property later this year (December time frame). 

Also, if you could go back and do it again at my age what would you change? Would you invest differently? It seems like entrepreneurs are hard-wired to spread success to other people, and it is always fun to learn from other people's experiences!

Thanks for the response!

Most Popular Reply

User Stats

12
Posts
9
Votes
Jose Efren Orozco
  • Iowa City, IA
9
Votes |
12
Posts
Jose Efren Orozco
  • Iowa City, IA
Replied

I was 23, a couple months out of college, in debt, and with no credit history or money. All I could afford was a mobile home with a loan from my parents. But I knew it was better than renting. 

Lived cheaply, fixed up the place and sold it 2 years later for over 2x the purchase price. Used the profits as down payment for single family house... Looking back, buying the mobile home was the catalyst for my real estate investments. Dream big, start small 

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