college student / business owner trying to invest in real estate

3 Replies

Hey everyone, my name is mergim and I am a 21 year old Rutgers college student. I've owned a power washing company for two years now and I have used my profits to pay for school these past three years. I have no debt but this year I am looking to use my finances to invest into real estate. The problem is I will not have enough money to pay for school as well as investing into real estate in New Jersey or even out of state. I have about $10,000 now but according to the numbers, I should have $20,000 when the summer is over. I am looking for some guidance as to how I should go about using my money. Thanks for taking the time to read my post!!

@Mergim Gjyriqi

I would focus on paying for your last year of college with cash and leaving with no debt and then focus on investing in real estate. You will have a huge head start with a college degree and no debt versus the majority of other 22 year old Americans. Maybe start wholesaling some properties in your free time? Low barrier to entry, you can start networking at your local meetups etc.

I agree with @Charles Carillo here!  @Mergim Gjyriqi You have come so far so I would definitely stay out of debt your last year of college. If you still have some money left over you could find someone to partner up with or you could use your strengths to partner up with someone in a different way. There are a lot of methods to invest in real estate, you just need to do some research to figure out which one works for you.