Real Estate Agent · Nashville, TN · Member since 2020 · 77 posts · 71 votes
Obviously, there is no correct answer. Some investors have the freedom to start when they are in college/a young adult while others decide to invest closer to retirement.
With that being said, at what age did YOU begin to invest?
Livermore, CA · Member since 2019 · 4 posts · 4 votes
6y
@Bonnie Rhodes I closed my first single family home May of this year, finished the rehab and got a tenant in as of the 1st this month! Starting working towards this at 17 and executed at 20.
Rental Property Investor · Houston, TX · Member since 2019 · 212 posts · 149 votes
6y
Age 28 by buying a turnkey condo in cash sight unseen in Cincinnati , OH from a turnkey company based in Toledo, OH. Less than a year later, I'm at 7 units total all in Cincinnati, OH.
Investor · Phoenix, AZ · Member since 2015 · 485 posts · 384 votes
6y
@Gwen Fyfe no worries. The hard lessons are included in the game rules. For business and life. Those are the things that make you stronger and better. Just know that things will always happen.
So prepare not for the if but for the when, as the next curve ball is already on its way. Just be as prepared as you can be.
Investor · Lakewood Ranch, FL · Member since 2019 · 72 posts · 47 votes
6y
@Bonnie Rhodes
Started investing at 22. Active trader, won some, lost some. Stopped about a year ago. What stopped me is a 29k winning trade. It made me realize, even if I get 100k trades it would still not change my life. I still need to work. There’s a lot of stress/ pressure and work/ research that goes into trading. It kinda consumes you and is a full
time job. Not what I wanted.
Started REI ~ 1 year ago and now at 6 doors. Used most of my profits from trading to buy small multis. In the process of slowly building towards financial independence.
Im 31 years old and am just getting started. Iv yet to purchase a property, but iv invested my time and effort in to acquiring my rral esate licence plus reading every book i can and also every podcast on bigger pockets. Just trying to build my creidit back up and get my name out there
Property Manager · High point, NC · Member since 2017 · 52 posts · 21 votes
6y
Started at 21 with zero idea what was going on. Got out and learned everything I could. Came back at 25 with the knowledge and everything went so much smoother.
Investor · Holt, MI · Member since 2020 · 33 posts · 19 votes
6y
@Bonnie Rhodes I started investing about two years ago when I was 22. I opened a 401k as soon as I could with my employer and then from there that sort of sparked my interest for financial literacy wanting to learn the ins and outs. So I began teaching myself everything there is to know about credit, IRA's, Stocks, Bonds, Options and Crypto. I now have a 401k, Roth, a dividend portfolio and 2 other individual broker accounts (one to sell covered call options and another through a robo advisor account) I'll be reallocating and securing some capital this spring to purchase my first house-hack! I'm just trying to play it smart and get what I can out of the market before I complete roll over into real estate. Haha frugality and aggressive savings have been my two best pals!
Investor · Raleigh, NC · Member since 2019 · 433 posts · 743 votes
6y
Just bought my first investment property last December - 26 years old. Had a small IRA and my 401k outside of those. Closing on my second property on Monday!
Rental Property Investor · Effingham, IL · Member since 2019 · 5 posts · 3 votes
6y
I bought my first fixer upper at the age of 30...after a couple of years looking and always finding a reason NOT to buy, I finally took the leap. Two years later and I'm just on my 2nd property, but looking to increase that pace over the next 3 years by age 35!
San Antonio, TX · Member since 2009 · 3k+ posts · 1k+ votes
6y
@Anjali LeBoeuf A few years out of college, I started finding deals for other real estate investors by bird dogging and then wholesaling single-family homes. I was pretty young. It was a lot of work. And I learned a lot through my experiences. I'd say, you're never too old to start. The important thing is that you know what you want and how to get it. Then, you just have to put it all into action. Create a plan. And execute. Sure, you'll make mistakes. But you'll learn a lot along the way. So you can adjust. And eventually find your way to success. Everyone has a different path. And it's not the same for everyone else!