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Updated almost 8 years ago,
The best time is now! 11 units by age 21
It can be done! Who says age or money will stop you. I started with $1,500. Funded my first deal for a duplex I purchased 3 months after I graduated high school with a private investor for 4 years at 3% interest. 100% leveraged. ( First year interest free!! NOT A RELATIVE).
7 months later I purchased a 2 bedroom home with FHA financing and used my $1,500 as the down payment. Built cash from my duplex and W2 job to pay for the rehab, along with sweat equity, and house hacked for 1 year. Purchased a larger primary residence so we could turn that property into a rental.
Refinanced the original duplex and took the investor's financing ( with permission of course) and purchased another SFR.
Found an off market multi family deal with a total of 7 units in 2 separate buildings. Raised capital from another private investor and purchased these units on a 10 year land contract at 6%. Again, $0 money down. Just closed this deal 1 week ago.
@Brandon Turner's book is not a myth! It really is possible to do "no money down deals"
TAKE ACTION. Get off the forums and go find deals! Then get back on and learn how to manage them. Don't wait to take action until you know how to perform every step of the process.
You have to want it!! Go after your dreams! Work hard and take massive action! 10X your goals Grant Cardone Style!!
For any young students, it's ok if your classmates mock you when reading Rich Dad, Poor Dad. They will wish they would have read it.