Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Izaya Sanderson

Izaya Sanderson has started 3 posts and replied 9 times.

I’m seventeen, work at dunkin, and I see room for a business that takes care of routine cleaning so inspection season isn’t such a freak out. Should I just approach my boss and offer my service, or get licensing, certification etc.?

Thank you everybody for your feedback, just putting my thoughts out there helps clear my vision a little bit. 

I think I'll work first on gaining a great credit score, whilst putting money into an investment account I can pull when I'm ready to invest in whatever that may be. I'll try to set retirement up while I'm at it too. And the military may be a real option again, if I can't get a W2 job related to real estate. 

Honestly I think I'm subconsciously worried about getting too comfortable in the military, or well paying day job, that I give up on my dreams. And that's why I'm trying to walk before I crawl.

Thank you again everybody,

as I know your time is valuable.

Originally posted by @Erik W.:

@Izaya Sanderson, hi and welcome to BP.

First, congratulations on thinking about your future at such a young age!

Now a few questions...

1) What are your skills, talents, and experience?  I ask because you said your goal was to get a high-paying job to save up for real estate investing?  What kind of job are you planning to get, and how well-qualified are you?

2) What do you want to do with your life?  Right now, you've listed at least 4 options: high paying job, real estate investor, military, or community college (trade school).  Those are all vastly different routes.  Some people are able to successfully combine 2 or 3 of those things, but it takes time.  I can speak to this because I work full time in Info Tech, just retired last year with 23 years in the Army National Guard, and also have a Bachelors degree in English/History and an Associated Degree in Info Tech.  I am also a real estate investor since 2005.  Spend some time thinking about what you really want to do and how you will get there.  It took me 27 years to do it.

3) Why do you automatically refuse a job?  Been reading a lot of blogs and listening to podcasts about FIRE?  Many people find fulfillment in this area and do a world of good.

4) Who says a 9-5 job has to last for 50 years?  Mine has about 5-8 more years to go, then I'll be done in my mid-50s. 

You seem like an enthusiastic go-getter.  I want you to spend some time really focusing on your goals and finding your WHY.  Why do you want to do the things you said you want to do?  What goals will you need to achieve your WHY?  What natural talents do you have that will make you well-suited to being a real estate investor?  What area of real estate investing do you want to get into?  What skills, education, training, and hands on experience will you need to acquire?  How will you acquire them?

Please don't say "freedom" and "options."  Those are vague.  You will get nowhere with them. 

Write the answers down.  Be specific.  If you can't explain it to someone, it's not good enough.  Try again.  We're glad to hear you bounce some specific ideas around here and offer some thoughts.

To answer some of your questions:

My skillset includes minor welding, minor housework (I lived in fostercare and the father owned property in which I helped lay tile, wood paneling, drywall etc.). I don't know if this is considered a skill but I also love to learn, and honor myself on my ability to solve problems.

In regards to what I want to do with my life. . . I want to be absolutely affluent, as I want my kids to have what I didn't, and my mom to have what she couldn't, but wanted to give me. I like the idea of owning a business but struggle to find something I'm passionate about other than the Stock Market and Real estate, and making money. 

The plan was always just go to the Marines, and serve my country, but now I'm more focused on creating an income to support my family with. So that's why I'm so against a 9-5. Because unless I go to college for eight years with money nobody has, Im doomed to the mediocre 9-5, survive, not thrive lifestyle/cycle forced upon just about my whole family.

I honestly don't know my WHY statement... Other than to be able to let my grandmother and mother retire before death. And also I feel like it would be pretty amazing to leave a legacy of assets to my coming generations.

Hope that kind of gave you an insight as to where I am right now (which is stressed about what to do when I graduate to stay productive)

@James Wise

Ohhh I get what you mean by W2, and yeah no worries, since I was 16, I’ve been filing income.

@Izaya Sanderson

Does anyone recommend college of any sort?

@Nathan Rude

I’ll take that advice and reach out to anybody I know invested in real estate.

Thank you

@James Wise

Thank you that helps actually... Why would I go about getting a W2 though?

So basically I am 17 at the moment.

I refuse the 9-5 for 50 years to maybe retire.

I’m wondering how, if you were me, would you start, or even make an offer, or get a mortgage at this age without getting demolished by interest rates. I’ll be 18 in OCT. and plan on either finding a high paying job until I can invest, go to the military, or community college. What would you do in my shoes to start in real estate (becoming a landlord) My family has basically less money than me so Help was never an option.