All Forum Posts by: Evan T. Ong

I'm doing everything I can to learn about real estate investing (mainly via reading), and there are concerns I have about my future in this field, that I want some more clarification on, and better yet creative solutions. The following worries/confusion I have are:

- I can't attend seminars/clubs. My mother says I'm not old enough (I'm 15) and we're too busy. Attending these events are REALLY important (I can find my first mentor, network, collect business cards, etc), but I'm held back by my situation. 

- What is the optimal way to fund my first deal? Do I work a job to save for a FHA loan? Do I learn wholesaling and try to make money off that? I did read Brandon Turner's book on buying properties with low-to-no money, which leads me to my next concern.

- I can't retain all the information from the books. Not understanding something when I want to think about it makes me anxious. 

- Is starting an official company/business the only way to obtain a net worth of $1 billion worth of assets? I want my involvement in managing my future properties to lessen, becoming more "passive". I ask this because business owners/CEOs have to work the hardest in the company. I may have not started investing but I want to aim big in this career (realistic or not), while also having me-time and getting to use my wealth to do things I want at some point.

I'm going to start as early as I can, so I can squeeze the most of out of real estate. I acknowlegde my questions are rudimentary and are probably obvious/ridiculous, as someone whose never worked before and I may not be asking the right questions. But all help is appreciated here as someone new, and if there is something I can do, please list that suggestion(s).

Thank you.

Really solid suggestions! Thank you for replying to my first post! My mom agrees with all your suggestions and it seems like the right road for me!

Hello! I'm Evan and I've been reading about real estate investing (and other personal finance books) over the summer and I have learned alot and would like reach the seventh level of wealth via real estate. For the record, I have read:

- Loopholes of Real Estate by Gary Sutton

- Rich Dad Poor Dad by Robert Kiyosaki

- Investing in Real Estate with Little to no Money Down by Brandon Turner

- Tax Strategies for the Savvy Real Estate Investor by Han & McFarland

- The Psychology of Money by Morgan Housel

- The Book on Rental Property Investing (first book I've read here) by Brandon Turner

- The Millionaire Real Estate Investor by Gary Keller

Reading has been my biggest source for knowledge and Brandon Turner has become one of my favorite authors now!

I don't have a job yet and I'm about to start 10th grade, but I'm hoping to get experience in this market as soon as I can and to create my network model. I'm not sure where to start, but I'm hoping that I might be able to shadow an investor to teach me the in's and out's of the whole buying and renting process, so I can get a feel for what to expect and develop some prior experience. Unfortunately, I'm not allowed to attend any seminars or classes (due to budgeting issues), and I can't study for a real estate agent liscense and join a club until I'm 18. I hope someone can offer me to find an investor who would be willing to have me come along just to gain experience (preferably on the weekends and over school holidays and breaks). If there is any other suggestions to help me get started please let me know because I want to pursue this wealth building strategy. Much appreciated!

P.S 

I'm a little anxious because this is my first time using the BiggerPockets forum so please be patient with me!