All Forum Posts by: Account Closed

So I'm 17 and currently reading about property investing. I have known about the house hacking strategy for some time now, but thing is I'm a bit sour on the idea of roommates. I'm aware it's easy and you have the potential to live free or make money, but I'm a person who needs personal space at the end of the day more than anything. My question is do you think a duplex could be just as great as house hacking? Or is a duplex more work to do as a person fresh out of high school? Some side info that may or may not help, I have around $10,000 in mutual fund investments and about $1,000 in my bank account as of this post.

I have been reading books on real estate investing along with other business books. I'm currently half way through Rich dad Poor dad, and the talk of assets has baffled me. Growing up my dad, being a business owner himself, said assets are things that have value. The way Robert talks about assets and liabilities makes a lot more sense. Having cash flow from assets has always been the most interesting thing to me, even when I was a kid. My grandpa and dad would teach me all about different ways to make money. Now I'm 17 and getting progressively more interested and educated on the topic : How to invest. I think viewing assets and liabilities like Robert is the best way, but what do you guys think? Do you guys have a different definition or rule you use? Also, me being 17, some assets are as easily obtainable than others, what assets do you guys invest in? And do you guys have any suggestions for a young person like me when it comes to looking for possible assets to earn money from? Thanks! Blake Enustun

Hello, my name is Blake Enustun. I have always loved the idea of investing since I was 13. The interest and love for it is what led me to open a Vanguard account with my grandpa during my freshmen year of high school. At the age of 14, I made a flyer that stated simple things about me : name, age, address, contact info, and a brief summary describing how I was looking for a part time job. Being a 14 year old kid, I wasn't allowed to work at most common chain places. I made 10 flyers, and taped them to 10 different small business doors right behind my apartment. We were unlucky to have to tape them to the doors because we went the day after thanksgiving, so all businesses were closed. I received 2 responses and 2 interviews because of the flyer. I started my first job a month before my 15th birthday, making $10/hour as a maintenance assistant at a small dentistry 300 feet behind my house. Right away I was very lucky for a kid my age and the situation was very circumstantial. The density had just lost their maintenance assistant and needed one before the holidays. Now that I finally had cash flow, I had personal money to manage. After talking to my grandpa, we eventually opened the Vanguard account in my second semester of my freshmen year. The account has grown from the initial $2,000, to just under $10,000 through additional funding and profits earned. Investing in mutual funds my first few years has satisfied my hunger for investing... until now. Within the last year I have been looking through careers as parents and school teachers ask repeatedly "what do you wanna be when you grow up". As I review different investment strategies and options, the one that has stuck out to me again and again is real estate. Being a minor I have always brushed it off thinking I'm too young to do anything in that area. But the more I mature the more I realize that I can do many things to prepare myself. In the past few months I have changed many habits of mine to better myself. I have replaced social media with reading and podcasts about real estate. Instead of surfing the web I surf forums such as BiggerPockets or LinkedIN. As I become increasingly more interested in Real estate, I've been looking into the idea of working at a local real estate agency however I can throughout my senior year of high school. I have put together a short "resume" to handout to the local agencies, much like the flyer I used to get my first job. The resume is relatively short and has a simple message : "I want to learn about real estate and I'm willingly to do whatever work you need me to do" Now to why I'm posting all of this. Before I go through with handing out my resume, I wanted to know if anyone has been in a similar situation about seeking out a mentorship and had any advice. I know that mentorships work both ways and at my current job (which is still the dentistry 2 years and 8 months strong) I do grunt work. My thought process is that I would rather be doing grunt work at a place that I can also learn from.