All Forum Posts by: Micah Herrera

I am currently a senior attending high school and a vocational school and am in the construction program(I know how to do some remodeling and have peers who would appreciate some work).  I want to get into RE and gain experience in the industry and entrepreneurial forays.  I have been considering buying a mobile home using traditional methods (i.e. motivated seller, value add potential) and rehab and flipping it.  I like mobile homes because they are cheaper, don't require loans, and are at a smaller scale and thus quicker.  I have around 15k cash saved up right now and work at a restaurant bussing tables making $80-140 a night, although I am not working very much right now as I play hockey for my school.  I talked with my parents and they are not really on board, although they have no experience and are not interested in real estate at all.  I want to see what more experienced people think about my plan and appreciate any and all feedback.

I had an FHA loan in mind because less money down would mean more valuable RE with my relatively limited cash reserves and inflating RE prices. But for the FHA I have to live in for a year, but I have to live in the dorms my first year most likely. Also, for the summer I would most likely not be living in the college town; would this cause a problem for the FHA? Thanks for responding.

Hello BP forums!  I am going into my senior year of HS and have been accruing capital for the past year-ish.  I currently have about 10k saved up with +7k in my checking and 3k in my stocks(a bit less rn because of the bear market) from working regular HS jobs (and will accrue more) .  I want to start investing in real estate in about 11 months when I graduate HS and turn 18.  My parents and grandparents have offered to pay for my college and I plan on taking them up on the deal and going out of state.  I have narrowed down my choices to texas A&M, Purdue, or Ferris state (big rapids, Michigan).  Not to toot my own horn but I got a 32 on my ACT (36 on stem portion) and I had a 4.25 last year so I would almost definitely get scholarships and can get into all of these schools.  I am going to college for Construction management and would like to own a land development company to further aid my investments.  I want to invest in a multifamily but am unsure if I should invest in Columbus ASAP (a market which I believe in very much but would be away from in college) or wherever I go to school. I was thinking I cauld househack in college in a sort of student rental.  I would be very thankful for any guidance.