How was it for those of you guys that started young?

Question

I found out that I wanted to do real estate investing around like the 9 or 10th grade but never started really getting myself prepared. Now, at 21 I can say that I am more focused than ever and ready to get things going. How was it for those of you that started around my current age?

Jordan B. · Answer

@Demeko Morgan I am 22, I actively started educating myself about a year ago and decided that I knew enough to take action about 2 months ago. I am now under contract for my first buy and hold rental and I feel confident that what I learned was enough to make the right decision. Best of luck to you and don;t be afraid to take ACTION.

Demeko Morgan · Answer

@Caleb Heimsoth wow! Congrats man and yes! Taking action is a must.

Jay Hinrichs · Answer

many different paths in this game. you can do it by being a contractor buying working on your own homes ..

or in sales ( my path) I started at 18 and made some good money in commissions.. enough to start buying and flipping I bought a few rentals and really it was not for me.. so I stuck to value add and owning the business for most of my career which led to lending and note investing and now new construction subdivisions.. but its a long road.. for me 40 years.

fun though.. there were stops in the Timber industry which I loved and we made millions at.. a few stints of owning hard money lending companies.. I did buy 350 SFRs coming out of the recession but as stated landlording just is not my thing sold them all 4 years ago.. so just look for the next real estate shiny object.. but the real estate license and what I learned from 18 on and all the contacts I made being an agent through the years set up all my later business's and success's.. and of course there were failures along the way.. the 08 meltdown about killed us.. but now its in the rear view mirror

Demeko Morgan · Answer

@Cornel Smith that's the same thing I've been doing. A lot of reading, learning the words that are used by investors, doing deals and etc

Demeko Morgan · Answer

Wow! 350? And yeah i was really young of course and didn't know much about what was going on in 08 with the meltdown but as i got older and understood more about it I've been hearing success stories of how investors had to overcome it. That's incredible

Demeko Morgan · Answer

• @Michael Plante wow! And I can't argue with that lol. It's very true. Have to take action and make things happen.

Demeko Morgan · Answer

@Jordan Bochner Thank you and congrats! And yes, stepping out of your comfortable zone is key. Still learning that, i know i will get it going in the right direction very soon

Michael Plante · Answer

Ok you are 21 and focused congrats!!!

What are you doing besides reading about it?

When I was 20 I dropped out of college and worked 2 full time jobs

At 21 I used credit cards to purchase a house. Fixed it up and flipped it while still working 2 full time jobs.

Bought another the next year cash fixed it up and rented it out

Never read a book about flipping

Never watched a video about flipping

Never saw a forum about flipping

What has your new found focus gotten you to do?

Go out there and do it. Stop reading

Cornel Smith · Answer

I'm a few years older at 24, trying to learn as much as I can. At this point I'm reading a lot, listening to podcasts and looking for meetings meet others and learn from....

How was it for those of you guys that started young?

How was it for those of you guys that started young?

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