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Updated 2 months ago on . Most recent reply

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Ariana Manigo
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New To Bigger Pockets

Ariana Manigo
Posted

Hi, I’m Ariana. I’m 17 and new to real estate investing. I’m focused on learning about commercial properties, rentals, and vacation homes so I can start investing when I’m ready. Excited to connect and learn from experienced investors!

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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
3,883
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8,392
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied

My opinion for those who are young is to focus your energy on education / increasing your salary / creating a business instead of investing.

If you are good at investing, it won't make much of a difference if your overall capital is small.

I.E.
If you have $5,000 to invest, if you make 5% or 10% or 20% return, it is an overall small difference.

I think the bigger difference is planning now how you can get a $75,000 salary when you graduate college instead of a $40,000 salary.

Or to create a business now where you can make $50 or $100 an hour. That will overcome all the time and income that you earn investing(assuming you have a small investment amount).
If you have a large amount to invest with, it changes all of the above.

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Basit Siddiqi CPA
4.8 stars
77 Reviews

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