Advice on where to begin, and where to go.
I'm 18 and looking to start investing as soon as possible. Where should I start, rentals, flips etc.?
Most Popular Reply
At your age here are the things you should prioritize. This list might not seam like the a real estate related but it is:
- Build your credit score. AVOID having a bad marks on your credit score.
- Develop a good financial habits and try to avoid bad debt as much as possible.
- Invest in yourself. Educate yourself with Real Estate. Get a mentor. Work/Volunteer for someone who is involved in Real Estate. The things you will learn and connections you will make are priceless.
- Figure out how you can earn/make money so you can get a loan to buy a property. Nothing is wrong with starting out a W-2 job and then transitoning full time to Real Estate. Maybe get a trade school certificate, or a degree, or start your own business, or take a code/cybersecurity boot camps so that you will be marketable to get the job. I know some students who were able to buy a property by their university and rent out other rooms to students while living in one of them.
Also since you are only 18 years old play a long game. Don't rush into anything and invest in yourself, while you still can.