Real Estate Investor · Weston, FL · Member since 2009 · 73 posts · 18 votes
Just like it says, are there any very young investors out here on bigger pockets?
One of the hardest things for me is finding someone in the same age group as I am (teenager, almost adult tho =]) who find passion in being an entrepreneur and/or investing in real estate.
If not, did anyone start out investing at a very young age? I would love to hear your stories. I can tell you it's been quite an interesting path to take starting at age 14.
Started at 19 personally, but didn't become a landlord until I was 26. The best part about starting young is you can get yourself started in a system of buying money making things before getting caught up in the trappings of feeling the need to own money costing things.
I feel like a middle age under achiever after reading this post lol... I know this post started back pre-bust. I hope everyone weathered the storm.
I'm 24 as of writing this...
My first real estate deal was at 15... Sold a 5 acre parcel on the Pearl River.
Bought my current home when I was 17... Had to put title in parents name due to being a minor.... Couldn't claim Homestead and had to eat a 3,600 property tax bill for 2 years...
Became a licensed agent at 18.
Sold property while working on my Business degree...
Did a land deal that netted me a decent size parcel of land as profit..
Used the land as collateral to purchase a 9 unit commercial mall. Which I now operate my brokerage out of.
Real Estate brokerage doesn't make beans, but it pays for my assistant, advertising, and I usually keep 100% of my commissions unless the accounts are running low...
Purchased my first sfr rental last year... Paid cash for it, and it's been a great investment so far...
Also have been flipping a few houses for extra money.. Goal is to buy the houses cheap enough so that they can be converted to rental if they don't sell in 6 months... Haven't had to convert any yet!
Really would like to get into multifamily, but my local market seems to be wayyyyyy overbuilt with apartments...
I am 24. Purchased my first house at 22 and my first 4 units just this year at 24.
Projecting to be able to purchase 4 more units this year and probably 8-12 next year.
I have also never made a car payment or payed CC interest.
Im finding getting over being looked down upon because of my age/appearance is a real pain. It seems everyone that you deal with needs to say something negative about how you appear so young.