Your first deal is about learning, so focus on the fundamentals and think long-term, this is just the beginning of building wealth!

So I've been getting into real estate and found out about wholesaling and I'm 16, I've been studying and taking notes about the fundamentals and basics of wholesaling, I've decided to start saving up till I'm 18 for when I start wholesaling to be prepared.

I know that the general guidance is that emergency funds aren't to be invested, but given our financial security and the fact that we already have a personal e-fund in a safe, non-volatile location, would it still be crazy/unwise to invest this 15k in an S&P500 index fund in a brokerage? 

Quote from @Sean O'Keefe: @Ignacio Vidal Traver This thread also has a great hours tracker / activity log https://www.biggerpockets.com/forums/51/topics/816680-real-e...Sure, sent! 

Quote from @Fareen E.: Quote from @Jaron Walling: Follow your lease.

Quote from @Greg Scott: Quote from @Derrick E.: I always play it by ear.

@Eric E.

I got this e-mail too.

Focus on fundamentals: buy below market value, have strong cash flow (or a clear path to creating it), and maintain sufficient reserves to weather any unexpected challenges.If you’re strategic and stay patient, this market could create opportunities that lay the groundwork for long-term success.

That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."