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Updated about 6 years ago on . Most recent reply

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Finding money lenders/investers as a 16 year old

Rickard Risberg
Posted

Hey guys and gals,

I'm a 16 year old that is very interested in real estate and investing in general.

As I just mentioned, I'm a teenager and therefore I do not have the capital or entitlements that as "adults" have.

My question is therefore;

Is there any way to slowly get into real estate and start doing practical stuff?

I've considered REITs but as far as im aware, you need quite some capital that aswell?

I was thinking that I could find someone that I find potential properties for, they then invest in it give me a small share (I could do it for free aswell I just want to learn) and get updated on how the investment is doing. Another thing that would be cool would is if there would be any way of somehow borrowing money under the age of 18.

Thanks in advance for your responses!

Rickard

Most Popular Reply

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760
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Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
345
Votes |
760
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Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
Replied

@Rickard Risberg

I’m not in your market but if a 16 year old brought me a deal that I bought I’d for sure fine a way to get you paid a fee for that. You could try something like that partnering with someone local finding deals for them. It will also show that you’re building a track record for lenders when you do turn 18.

I didn’t read the whole post, but maybe you can pull your parents in to sign on deals if you’re not partnering with someone?

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