All Forum Posts by: Thomas Weber

Personally what I'm doing, as I'm 17 as well, is doing some social media marketing for real estate syndications. After I gain 6 months of experience or so I plan on taking my knowledge to local businesses and sell my services to them. This way I can make money during the school year, scale it during the summer, and continue into college because it is a job that allows for remote positions. Keep this up, invest a bit, and you can buy yourself a small multi-family complex to house hack through college. This way you'll have the funds to dig right in and get into the actual real estate game, if you don't feel comfortable doing it all alone get a partner or 2! I know it's not directly answering your question but it's a way to go to college while still setting yourself up for getting into real estate as soon as possible. 

Good luck!

@Joe Villeneuve I'm not looking for anything too specific, some information or guesses based on personal experiences would be excellent

Hey BP Forums,

First timer here and was just wondering how much potential does real estate really have? More specifically, I'm wondering how long it would take to get your passive income to be roughly $100,000 a year if you start out with $50,000 for multi-family homes in the mid-west. I'd plan on investing a base of $50,000 every year plus the additional income that the properties would generate yearly. 

Also, anybody have any tips to be as efficient and quick as possible when building your portfolio?

Thanks,

Thomas