$1,000,000 net worth at 25 years old.

$1,000,000 net worth at 25 years old.

Investor/Syndicator · Cincinnati, OH · Member since 2014 · 470 posts · 599 votes

My goal in writing this forum is to motivate other young people to work hard, take action, and take risk. To show them that you don't have to be exceptionally smart, or have tons of money.

For a long time I didn't like talking about my accomplishments because I would always hear "wow that is amazing for your age". I didn't want to be compared to other people my age because the average person my age is no where near where I want to be. That's fine for them but not for me. I didn't want to be successful for my age, I wanted to be successful period.

Today at 24 years old, I would like to share how I got to where I am today. Bare with me on my writing I am dyslexic so it has never been my strength.

Let's start at the beginning. I was a poor student. I had bad grades in anything involving reading or writing. But man was I good in woodshop. Working with my hands just always made sense I could see the project from start to finish even if it was 1000 steps. I won awards for my projects when I was a freshman in high school. I thought I would be a furniture maker when I grow up. Well as high school went by I decided wood working was a hobby not a carrier. My skill working with my hands needed to be implemented else where. So my senior year I signed up to do the work release program to work half the day and go to school half the day. I jumped as a cleaner/ basic handyman for a small REI. Company. Any time he asked me "do you know how to do XYZ" I said yes ( I had no idea what I was doing). I learned through trial and error, but again this kind of work always came natural to me.

The day I graduated high school my brother and I bought a 4 bed house together ( mom and dad consigned). We planned to live there rent two rooms to friends and renovate it slowly. Well by month three we had added 2 more bedrooms in the basement. So we had 6 guys all in one house. It stayed this way for the next 5 years. My brother and I not only lived for free but also cash flowed on top of it. During those 5 years my brother and I ran a small construction company renovating kitchens and bathrooms. We did all the work ourselves. We learned through YouTube. Trial and error, and failing many inspections. By the end of college we had lived so frugal and had the house hack for 5 years that we were able to save up a chunk of money to get started in REI. Man did we hit the ground running.

In march 2012 we bought our first two properties we bought highly distressed and did massive renovations. All while continuing to take on construction jobs to pay for the next investment. By the end of 2014 we had bought 8 SFRs cash and did the massive renovations to get them rented.

Fast forward to today and we own a total of 18 units 9 SFRS, 2 duplexes, and a 5 unit apartment building.

How did we afford it? We took only what we needed and everything else went back into the company. In 2014 we gave up the construction company to focus strictly on REI. It isn't easy to see all that money coming every month and only take 2-3 hundred dollars to live off for the month. When I say we were frugal I mean it! But we had a goal and building the foundation quickly was required.

We plan to purchase a 10-50 unit building In 2015.

I hope some of you made it through my unorganized ramble and take away that you don't need to have anything exceptional just an unrelenting drive to achieve what you want. I am no where near my ultimate goal but I just now am feeling that we have built a solid foundation to build massive wealth on. To all other young investors. My advice can be summed into one quote " live like most won't so that you can live like most can't" 

91Reply
724 views

Most Popular Reply

Property Manager · Miami, FL · Member since 2014 · 14 posts · 7 votes
11y

Jerry, my compliments.

This should go to all those young guys complaining about finding a good job and passing the day drinking and playing playstation.

The world is for the smart and determined. I always relied on persistence and you show you have it.

See you around.

Fra

See this reply in the discussion

115 Replies

Jump to latestLatest
  • Property Manager · Clyde, TX · Member since 2016 · 18 posts · 5 votes
    10y

    Jered,

    Lets do a deal together. I have a great deal on the table. I don't even want a 50/50 split, Im not run by greed. I just want my first crumb of pie so I can hit the ground running. This has been a long time coming and I know this opportunity will be financially beneficial to you... Will be another means of income to add to your portfolio as well as mines.

  • Property Manager · Clyde, TX · Member since 2016 · 18 posts · 5 votes
    10y

    Great Job!

  • Investor · Indianapolis, IN · Member since 2014 · 2k+ posts · 601 votes
    10y

    Hi @Jered Sturm , 

    Loved reading this story and want to congratulate you on your success. Your discipline and passion are inspiring and a great team for continued success. Keep it up!

  • Rental Property Investor · San Ramon, CA · Member since 2016 · 28 posts · 5 votes
    10y

    Love the passion you have. Very motivational! 

  • Real Estate Professional · Baton Rouge, LA · Member since 2016 · 109 posts · 30 votes
    10y

    keep up the net worth and network, to start out @ your age is not only refreshing but eye opening, i wish i could have been surrounded by the awesome team that you seem to implore in kennesaw when i was your age, i have a step son that i will share this story with who's about your age, more youth need to be more financial responsible, you sir are inspiration........GREAT!

  • Real Estate Professional · Baton Rouge, LA · Member since 2016 · 109 posts · 30 votes
    10y

    and oh btw. his name is the same is yours just spelled a little bit differently!

  • Flipper/Rehabber · Acworth, GA · Member since 2014 · 246 posts · 92 votes
    10y

    My man! Killin it. Keep it up. @Jered Sturm

    I need someone to help hold me accountable on a similar goal. 100 unit minimum by the age of 30. Fix N' Flip biz pushing out a minimum of 10 rehabs/yr, and virtual wholesaling biz doing 50 deals/yr. 

    Lets talk soon bud. 

  • Investor · New Hartford, CT · Member since 2016 · 282 posts · 104 votes
    10y

    Enjoyed reading the entire thread. This sort of success motivates others to achieve it.  No substitute for hard work. 

  • Investor · Marietta, GA · Member since 2015 · 382 posts · 258 votes
    10y

    @Jered Sturm

    strong work.  

  • — · Member since 2017 · 9 posts · 1 vote
    9y

    How inspiring! I love your story!! Your very last quote was awesome!

  • Developer · Menlo Park, CA · Member since 2013 · 25 posts · 5 votes
    9y

    @Jered Sturm You are really inspiring. Thank you for sharing your experience. Motivated to work hard more. 

  • Investor · Corpus Christi, TX · Member since 2017 · 1 post · 0 votes
    9y

    This is awesome and very encouraging!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.