Account Closed
Business Plan ETC.
17 November 2014 | 2 replies
Choose something standard, that most investors use and your CPA clears as a good idea, such as a single member or partnership LLC for a buy-and-hold, and then focus on making money.So many things about your life and financial situation can and will change between now and your hypothesized "exit" that coming up with an elaborate "exit strategy" strikes me as a waste of time, time that should be spent figuring out how to run & profit from the investment instead.If you absolutely must come up with an "exit strategy", to check off that box or something, then my recommendation would be that it should be something so simple that you can write it on a napkin or in one reasonably-sized paragraph (3 or 4 short sentences max).
Abdulmatin Sanni
Tips for 17 year old that wants to start investing.
4 January 2023 | 9 replies
.: Learn financial literacy and personal finance principles (one great book is I Will Teach You to Be Rich), educate and invest in yourself (BP has tons of great books to read, I also recommend listening to all of the Real Estate Rookie podcasts for the past year, if you have other career aspirations w/ real estate on the side, be sure to do well in school, apply to community college, and do your gen eds, or go to trade school, whatever the case may be), get a job and income (you might look into something real estate / construction related to network), open a secured credit card when you hit 18 to start building personal credit, go to local meetups / networking events for real estate, learn to analyze markets and deals, learn about creative financing and partnerships, and then, strike!