All Forum Posts by: John E.

@John Moore What is your niche? And why do you invest in it? Also, do you think I could attend a REIA meeting at my age? Would it be seen as abnormal? Your thoughts on that?

Thanks @Henry Nguyen for the post. What exactly would a RE business plan entail? A niche? Exit strategies? How I'm going to fund my deals? What type of deal? Do you have a template that you use for your plan? Legal entity? Do you think that I should attend my local REIA club meeting?

Hello BPers... My name is John Elmenhe, I'm 15 years old and I'm going to begin investing in real estate the day I hit 18 years old by trying to wholesale properties. I'm going to begin working soon and I'm NOT going to spend a DIME! It's all going into my savings account or a CD. RE investing is everything that I've wanted and more, so I'm not going to college. I've been reading RE/business books and taking online courses in creative RE investing. One piece of advice that I keep on getting over and over again is that RE investing MUST be treated like a serious business, and not some hobby you partake in on a Saturday. I feel like I should lease out an office space in a commercial building, so that I am physically removed from any sort of leisurely environment. Is this necessary? I mean I feel like my home isn't a really professional environment. Also, does anyone have advice on what necessarily constitutes a professional RE business? Should I form a legal entity? Get an office with office supplies? Dress up in a formal way? Your thoughts?

Wendell De Guzman Hey Wendell! My name's John and I'm 15, but I've already decided that I want to be a real estate investor. I want to be able to create massive, passive residual cash flow. I just want your advice on what I should be doing now to prepare for that? Is it too early to go to a REIA/REI/cash flow 101 clubs meeting and begin networking? I feel that it would be kind of ridiculous considering I'm still just a kid. I want to start at 18 with some wholesale deals, but I'm just so worried about how others would perceive me! When (age) did you start Btw? When do you think I should start attending these live meetings?

Thanks for the advice @Shaun Reilly and @Brenna Peak. I definitely want to get a part-time job, but my parents want me to wait until the summer. I'll save that money for a down payment on a rental property.

BTW I make sure to do LOTS of that everyday Shaun. Lol!

And Brenda The Millionaire Next Door is already on my list!

Thanks again to everyone- JE!

@Paul Timmins Oh my gosh! You're from Boston! I lived in Malden until I was 14 years old and I've visited a few times ever since. Hows the rental market over there?

I'm guessing that you own a few student rental properties. Is that so? I understand that you can yield a higher rent by leasing out rooms to individual students, but what do you mean by "You don't have to own a property to control it". Are you referring to owner financing, subject to's, and lease option agreements? Could you please elaborate?

Thanks in advance.

Thanks to everyone who responded! It seems like I've found a supportive community on this site. Wish you all the best!

Hey Guys and Gals! My names John and Although I'm only 15 I'm aspiring to be a real estate investor. My hope is that if I start at 18 and stay at it I can create passive income from my investments and retire early. My interest and subsequent commitment to learning about real estate started when I got my hands on Rich Dad Poor Dad by Robert Kiyosaki.

So I'm really looking for advice from anybody that's willing to give some.

So.... What books should I read? What do you think of Rich Dad Poor Dad and Mr. Kiyosaki? What posts do you recommend on this site? Is RE investing as simple as it seems? How many properties do you own? Do you use legal entities and trusts? How did you get started?

I want your insight, stories, experiences, and words of wisdom. Just lay it all out there and include your contact info.

It's great to start networking at a young age. Thanks in advance!!!!