Excited, aspiring investor coming from Orlando, Fl!

Excited, aspiring investor coming from Orlando, Fl!

Investor · Orlando, FL · Member since 2015 · 86 posts · 6 votes

Hey everyone! Nice to virtually meet you!

I am very stoked to be member of Bigger Pockets. I am a 21 year old aspiring investor and entrepreneur. I am taking a permanent college hiatus to pursue big things. Other interests include dancing, vegan cooking, fitness, sustainable living, and graphic design! My goal in life would have to be being able to fund all my creative ventures by means of passive incomes. It's also my dream to take my parents on trips and show the the world. So, I have decided to start now, as I am still young.

I have already planned on buying and holding the house I currently reside in (buying next May) and plan on acquiring another buy and hold this year. The only thing I am worried about is not having and never having income. I know for loans you need to show two years of income, but I don't have this. I don't want to take a job to fulfill this requirement. My mom is willing to be a partner and get a loan through her, however! I am doing more research whether this could eventually count as income for me.

Being a real estate investor would be out of my comfort zone, which I'm incredibly excited for. I'm a bit of an introvert, and I have been learning how to negotiate and the art of speaking. I have a knack for design and marketing, which I will use to propel me forward. There are so many things that real estate investing will teach me, and I'm embracing it! The art of creative financing and real estate in general is fascinating and I am ready for the journey!

If you have any tips for young, aspiring investors, please let me know! And feel free to reach out! Once again, nice to meet all of you. I will be hanging around these forums often.

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  • Saint Paul, MN · Member since 2014 · 7 posts · 2 votes
    11y
    Originally posted by @Hae-Yuan Chang:

    @Hae-Yuan Chang, welcome to BP! Great to see that you are starting to invest in real estate at such an early age! I wonder what I was doing when I was 21! 

     Good luck! 

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Glad you find this site @Hae-Yuan Chang you are in the right place to learn all about REI! Wishing you the best!

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    11y

    @Hae-Yuan Chang

    Welcome to the site.

    If you get on title with your mom eventually banks will count that rental income as yours. Some count 70% of it right away and others want you to show it on 1 or 2 years of tax returns.

  • Orlando, FL · Member since 2015 · 14 posts · 12 votes
    11y

    Congrats on your big dreams! You know what they say, even if you don't hit your goal when you want, you're better off for making strides in that direction. I too would love to live off of passive income and treat my family with little surprise vacations...

  • Investor · Sherbrooke, Québec · Member since 2015 · 52 posts · 50 votes
    11y

    Hi @Hae-Yuan Chang,

    Welcome to Biggerpockets ! I wish you best of luck in your futur investments ! I'm 21 yo as well and it's very nice to see other people my age looking to start very young ! You definitely have a promising futur :D

    Best regards,

    Kevin

  • Investor · Orlando, FL · Member since 2015 · 86 posts · 6 votes
    11y

    @Ash Alam, haha sometime I go out and be 21 years old, but I mostly research and read about investing. Nice to meet you!

  • Investor · Orlando, FL · Member since 2015 · 86 posts · 6 votes
    11y

    @Dmitriy Fomichenko, thanks so much for the kind words! Definitely going to take advantage of everything BP has to offer:)

  • Investor · Orlando, FL · Member since 2015 · 86 posts · 6 votes
    11y

    @James Wise, thank you for the information, it was exactly what I was looking for! Definitely beats taking a conventional job for two years :D

  • Investor · Orlando, FL · Member since 2015 · 86 posts · 6 votes
    11y

    @Richard Ellis, definitely! It's all about the momentum. And the vision of surprising my parents with a yoga retreat or an overseas venture definitely keeps me going! Nice to meet you.

  • Investor · Orlando, FL · Member since 2015 · 86 posts · 6 votes
    11y

    @Kevin Bellavance, and you as well! Time is on our side. 

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    You're welcome, Hae! =)

    See you around the forums!

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