All Forum Posts by: Benjamin Adkins

if i had $800/yr + incorp fees to blow and not worried about the strict statutory periodic tax filing before i was 18, (or my parents were willing to chip in) i'd go Curtis' son's route.

although time flies between 17 and 18 anyways.

and so to reiterate - aside from reading books, and visiting REICs - i'd be focused on interning in any of the many REI arenas, including property management, architecture, sales, just to name a few (unless my parents also happened to be in some level of REI in which case i would likely be somewhat 'home schooled' student of REI to an extent already).

good luck on ur 1st REI deal whenever it happens; i wouldnt be in any rush for a 'before 18' deadline unless was into 'NUMEROLOGY' or something and since again at the moment ur starting 'early' (statutorily before able to enter deals/contracts as a minor) as it is!

Thanks for the reply. I just dont want to not take any action. From now until im 18 I want to look back and say I took action on something and I am that much closer to my goal.

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Originally posted by @Curtis Bidwell:

My son bought his first home when he was 15! It is correct to say you cannot contract prior to 18, HOWEVER, nothing says you can't establish an LLC and contract on behalf of the LLC. That is how we did it. I did help him in that I am a 1/3 member of the LLC and the registered agent. But through the LLC he was a legal owner.

Thanks for the reply. I never knew about that. I dont know know if I will take that route but now I know if someone did at 15 I can do it at 17. Bottom Line. No Excuses

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Originally posted by @Account Closed:

might not legally be able to 'contract' until adult ie, 18

how's about interning in any of the many REI arenas, including property management, architecture, sales, just to name a few.

I know I could not contract but my parents said they will contract for me if I actually had a deal.

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So I am 17 and I graduate high school in June. I have a goal of completing my first real estate transaction before I turn 18. I know there are legal issues that I may encounter but my parents said they will help me. So I was thinking of having them be for lack of a better word figure heads and I could be the brains behind the operation. If someone like me had the right knowledge and the proper guidance do you think this goal is achievable. I know this will take hard work and I'm ready I just want to know if this is possible or am I thinking of a goal that is far fetched. And if you do think do think this is possible, what steps do you suggest I take? I was thinking of a baby step transaction something very small. If that even exists? I am currently reading books and taking classes and going to my local REIC.

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Thank You.

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Hell, my name is Benjamin and I am a 17 year old high school student from Los Angeles, California. I have a large interest in financial literacy and Real Estate and I am getting very serious about my future. As of right now I am currently in the information gathering stage and transitioning from gaining knowledge to finally taking action. I read a ton of real estate and finance books and I am very serious about pursuing a career in real estate investing. My current goal is to have completed my first real estate transaction before I turn 18(wholesaling or flipping). I am scheduled to attend my first REIC meeting to try to meet current investors and find a mentor. I know that my interests may not be popular among teenagers and my goal is will be a challenging one to accomplish but I feel as though if there is a will there is a way. I hope to use this website to be surrounded by people who think like me and are willing to help me along my journey. Nice meeting you all!

PS: My birthday is December 2 and my parents say they will sign legal documents for me and they support me 100% percent. I have 7 months to complete my goal. Think I can do it?

1 Vote

All Forum Posts by: Benjamin Adkins

Benjamin Adkins has started 2 posts and replied 6 times.

Post: 17 Years Old and I want to complete my first transaction before 18 is this possible?

Post: 17 Years Old and I want to complete my first transaction before 18 is this possible?

Post: 17 Years Old and I want to complete my first transaction before 18 is this possible?

Post: 17 Years Old and I want to complete my first transaction before 18 is this possible?

Post: Furture Teenage Real Estate Investor

Post: Furture Teenage Real Estate Investor