Updated over 12 years ago on . Most recent reply
Investment Plan
Hey guys. You may have seen my new member post but if you haven't my name is kenny and i'm 16 years old. I am posting my investing plan below and was wondering what you all think of my goals, how feasible they are, and any improvements that can be made.
"As of 18 or 19 years old, depending, use a combination of the REI investing methods of wholesaling and buy-and-hold to take advantage of the short-term capital gains of wholesaling to convert it into the long-term cash flow of rentals. By utilizing the presumes 15,000 dollars a month I can gain from efficient wholesaling I will then convert that into larger apartment complexes and attempt to gain a 30% capital rate from them if possible. Using this method I hope to achieve financial freedom and retire, if I so desire, in semi-luxury at the age of 28."
I know what's written above is a bit vague so ask me any questions you want and let me know what you think.
Most Popular Reply
Kenneth,
Congratulations on having a plan. Most people your age, as well as much older, don't have a plan beyond the coming weekend. It is important to have goals as that gives you direction. Take a look at your goals and break them down into steps. What step can you take in 5 years, 1 year, 6 months, 1 month, 1 week, 1 day that will get you to your goal.
We all know how how to eat an elephant. One bite at a time. Break it down to small bites and shoot for the stars.
This is agreat site for learning. Get educated and learn from others.
Good luck