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Updated about 9 years ago on . Most recent reply

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Michal Rogalski
  • Niles, IL
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Great tips for a determined 18 year old ?

Michal Rogalski
  • Niles, IL
Posted

What's up guys. I'm currently a freshman in college and am planning on majoring in accounting. I know when I'm done with school I'd want to start investing right away into real estate instead of spending money on cars etc. I'm lucky to have a dad that's a construction worker that has a little bit experience in this field. Any tips and reccomendtions for a 18 year old that plans on being done with school in a few years and getting involved in the market? Thanks 

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Michael Boyer
  • Investor
  • Juneau, AK
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Michael Boyer
  • Investor
  • Juneau, AK
Replied

great to hear Michal ..... Right now you really want to focus on enhancing your human capital ( and college) but along the way, like summers and down time, I would really read all you can on real estate strategies (be it flips or buy and holds) and even think about some hands on work if you have access (relatives in the industry, summer jobs, etc) to an opportunity (even as a laborer on a crew).. Just seeing the residential construction or  remodeling process could be valuable down the road. If you could find a part time or summer gig as make ready person helping with apartment turn arounds, then that would be ideal, too, for a future landlord...of course, listen to podcasts in the car or when exercising..and if you have a target area, start studying the neighborhoods and listings. I would guess if you do all that, you will graduate with a BBA in accounting and a pretty good real estate education and background and be ready to try an investment...Best of luck.

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