18 years old, how do I get started?

Question

I'm really interested in learning how can I make cash flow at my age. Where do I start? Where do I put my money? I know the obvious answer is myself but the more complex question is how do I put it into myself and how do I use my money to make more money?

Kerns Churchill · Answer

If you're interested in real estate investing, I would start with these:

-Save your money by investing in indexes that mirror the S&P and NASDAQ.

-Start building credit.  Open a credit card and start using it, but never carry a balance.  You'll need good credit to qualify for traditional lending.

-Free yourself from any debt you may have.

-Read.  I recommend starting with the Bigger Pockets book "The book on rental property investing".

Jeffrey Donis · Answer

@Calvin Schmeling I started wholesaling. That was enough to open up some doors, and I made some money. With the money from wholesaling, I invested in mentorship programs. That led me to my first flip and building a single family rental portfolio.

Wholesaling was a great way to break into the real estate industry. However, you don't need to start there. Look into creative financing, wholesaling, and fix and flipping. These are three ways to break into real estate.

Look up real estate meet ups in your area. Attend, and network with other investors. Tell them you are hungry and eager to learn. I started out cold calling for a flipper in my area.

You can do this as well. Either lead with value with your time, or your money.

Let me know if you have any other questions!