Pennsauken, NJ · Member since 2021 · 15 posts · 2 votes
I’m currently 17 years old and have recently developed a huge interest in real estate. I’ve been watching videos, reading and listening to podcasts all day, everyday on all things real estate. Once I turn 18 I have decided that I want to become a real estate agent as my main source of income, and want to flip houses also. Now I believe this a pretty bare-bones plan for my future and have been wondering exactly how I can go about funding my first flip at 18 years old. So what I’m asking is, if you were in my position what would you do?
Michael, love your enthusiasm for jumping into the real estate world! My advice for you would be to find a great, experienced partner to work alongside with in your first flip. This will allow you to bypass many rookie mistakes. You will end up splitting or giving up some of the upside, but getting your processes down without losing money on your first deal will be so valuable!
Michael, love your enthusiasm for jumping into the real estate world! My advice for you would be to find a great, experienced partner to work alongside with in your first flip. This will allow you to bypass many rookie mistakes. You will end up splitting or giving up some of the upside, but getting your processes down without losing money on your first deal will be so valuable!
@Jefferson Simmons I appreciate your response! That does sound like a solid idea to parter with someone more experienced for my first flip. If I may ask how would you go about finding someone to parter with?
You're already in the right place. If you're set on partnering with someone in your market I would try a keyword search on BiggerPockets and see if you can start making connections with people in your area. If you are comfortable getting out of your current market you options are endless! Start by giving me a call!
@Michael Hill congrats on starting so early! As a tip to new investors, I always tell them to start building up their credit score. With a higher credit score, you'll be able to get more favorable loan rates and terms.
Start networking with other investors (check out the networking tab on BiggerPockets or join local meetups online). Learn how financing works and what you can and can't do. Then save up for a down payment and start looking for deals. Best of luck!