All Forum Posts by: Noelle Robinson

@Carlos Zappatos Yeah, I probably wont get the masters but a business degree is my goal, it definitely couldn't hurt! Thank you

@Jay Hinrichs Your daughter is a very smart, savvy girl, I know you must be proud. I don't know if that's a route I'd look into since my dad is already into real estate and intends to hand down the ~family business~ to me when I'm of age, I just need to know the ins and out of it all before I jump in, that's why I want to rent some properties of my own and perhaps do a flip or two before he passes the torch. Thank you so much for your valuable input.

@Manning Watkins Thank you very much! I just might take you up on that offer, I'm quite the newbie so I'll take all the help I can get haha

@Ronan M. Thank you!!! This is gold! I know an important part of learning any new venture is to be well acquainted with the do's and don'ts so that I don't make a (perhaps costly) mistake! This information is greatly appreciated and I will look into property management companies and getting my license! Again, thank you so much, your comment was very encouraging!

@Seth Nadreau Honestly, I have talent at several things but real estate really has my interest, and I know it's very profitable in the long run. I looked into other jobs and though I enjoy some of them, I like them as hobbies, not as a career. Also, with my dad already owning a little flipping company, I know he has many valuable connections. But, it'd be funny to be a minimum wage burger flipper who owns tens of properties though! Hah, can you imagine? What a laugh! :) Thank you for your insight, it's greatly appreciated!

 Thank you so much!!!! I appreciate your supportive words! I’m going to college this year (graduating HS early) so it’s imperative I make these choices for my future as soon as possible. I’m intimidated, to say the least, but sooooo excited!

Hi, I'm Noelle, I'm from Chicago and currently reside here, and I'm 16. My dad piqued my interest in real estate since he rents buildings and does flips here and there, however he's not very....willing to share his expertise with me until I'm in/out of college since he doesn't want me relaying any information to my mother. It's a whole thing. I'm here because I'd like to learn more about real estate (especially what do to when you're first starting!), wholesale buying, and flipping houses. Specific topics I need help with are: should I look into majoring in business as related to real estate (perhaps getting an MBA) or is this a waste of time, when should I try to buy my first property (as in how much money should I be looking to spend), what type of property would be best (apartment building for rent, SFH, wholesale, etc), what banks would be best to get a loan from should I need one, business and real estate books/ebooks I should read, and the pitfalls/rookie mistakes beginners make.

After a little reading here and there, I figured my best plan is to save up while I'm in college and then buy a 2-3 flat, live in one apartment, and rent out the rest so my tenants essentially pay the mortgage. While that sounds easy enough, that doesn't leave much net profit! Is this even a feasible option for a kid straight out of college? How do I maximize my profit and work towards a 6-figure "salary" by the time I'm 30? I have so many questions! 

I know I must seem like I'm moving too fast for my age but I don't want to be a person who goes to college, gets a degree, graduates, and then goes, "Well, now what?" I want to have a PLAN and know what I'm going to do so that I can have a comfortable lifestyle as soon as possible. From what I've heard, debt is the worst!

Please respond, anything helps!!