Updated over 7 years ago on . Most recent reply
Nineteen Year Old Starting Out
Hi everyone - as the title implies, I'm a nineteen-year-old interested in investing. I've done some research but would like some community input. Here's my current situation:
- Little to no capital available as of now
- Haven't been employed - just manage a small photography business I recently started
- Have the support of my mother and brother, although both have fairly low incomes
- Am currently a real estate agent in training on board of a team with a reputable mentor
What do you think I should do to begin investing and how should I go about doing so? Please provide some info or redirect me to some resources that you think will be of value.
Thanks!
Most Popular Reply
Hello @Julian Arredondo
Being young you will have a lot working against you, but you also have the energy and drive to make things happen. I would suggest you start by reading @Scott Trench's Book Set for Life. Has a lot of good advice on how to get started. I would definitely read the forums and begin running numbers on properties in your area to learn the cost. In the mean time focus on building up a down payment for your first property. You're definitely going to want to make sure you have a good amount of cash in reserve for any deal that you come across, unexpected expense can and will occur. Investing with nothing in reserve is dangerous.



