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Young Investors
(by LJF [IL])
Feb 29, 2004 3:00 PM
RE:
Young Investors
(by tim [ar])
Feb 29, 2004 3:15 PM
RE:
Young Investors
(by LLin KS [KS])
Feb 29, 2004 3:42 PM
RE:
Young Investors
(by Rich [NJ])
Feb 29, 2004 4:22 PM
RE:
Young Investors
(by Scott [CO])
Feb 29, 2004 6:56 PM
RE:
Young Investors
(by David [KY])
Feb 29, 2004 6:57 PM
RE:
Young Investors
(by Scott [OR])
Feb 29, 2004 7:05 PM
RE:
Young Investors
(by GUS [WI])
Feb 29, 2004 8:20 PM
RE:
Young Investors
(by LJF [IL])
Feb 29, 2004 10:45 PM
RE:
Young Investors
(by cz [or])
Feb 29, 2004 11:19 PM
RE:
Young Investors
(by tyler [nc])
Mar 1, 2004 6:28 AM
RE:
Young Investors
(by David [fl])
Mar 1, 2004 6:32 AM
RE:
Young Investors
(by Nick [OH])
Mar 1, 2004 6:51 AM
RE:
Young Investors
(by majek501 [il])
Mar 1, 2004 7:41 AM
RE:
Young Investors
(by Arif [GA])
Mar 1, 2004 8:04 AM
RE:
Young Investors
(by Dave [OH])
Mar 1, 2004 1:32 PM
RE:
Young Investors
(by Rob [WV])
Mar 1, 2004 8:26 PM
Click Here to send this discussion to a friend| Just like to hear how old most of the people here started investing in real estate ? How did you get started ? Who got you inot RE Investing ? What is your strategy, buy as much as you can for cash flow ? Buy and Sell ? --24.15.45.248 |
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I started learning how to build with my dad at 19 so I could build myself a house. I had 5 kids by the time I was 23 and needed something bigger. I was learning just to be able to afford to build myself a house. When I finished my house (It was a two story basment and was difficult) I had confidence that if I drew a simple plan I could build a simple little rent house and invest in real estate in this way and I loved the fact that I kept them and still made money off them instead of 401K. My dad was a LL and builder and that helped me mostly learn what not to do but that's a different story. I've been building with every extra dime I have. As long as AR stays LL friendly I'm going to stay in the rentals and continue building until I run out of land. I have one piece of property I might buy at that point but after that it's over!!! I think if I ever get to the point that I feel like I'm working for uncle Sam or AR starts making me go to court every time I evict I'll sell out a few and give my kids the rest of the neighborhood. --66.76.130.112 |
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Female...started at 26 on my own (4 yrs ago), just out the blue. The stock market sucked, so I wanted a safe investment that I had been researching for some time. Why I did it? 30 years ago my dad had tons of rentals and so I was kind of raised around this :) So far so good for me --152.163.252.193 |
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I was 28 when I bought my first multifamily but I got my dad involved in being a landlord back when I was in college. He bought 2 two familes near my college and I did most of the work. My strategy now is to buy things that I can get some equity build out of. The last house I bought was a 2 family that I rezoned as a three. In the begining my thought was maximium equity build over max cash flow. If I could buy a house for $400K that I could make with $550-660K within two years by fixing it up I figured I would be ahead more then if I bought a house that had a little more cash flow.. --141.153.243.50 |
| I was raised in Southern Ca and witnessed RE go nuts since the 70s to now. I sold my primary house for a $200K profit in 5 years. Left CA and vowed never to miss a RE oppotunity again. Now in CO buying every SFH I can get my hands on and and it has worked well. A hell of a lot better than the stock market. --67.174.126.208 |
| I bought my first rental at 19. I'm 22 now and have 9 units. --12.222.250.29 |
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I'm 35 w/ 3 kids and a wife. I'm buying my first rental (a SFH) on March 10th. We wanted to diversify in our retirement planning. I for one am a big fan of the stock market but real estate has lots to offer too. Scott --67.164.53.21 |
| I'm 28, started two years ago with the first duplex. Bought a second a year ago. Plan was to buy one a year, but now I think I'll be moving more quickly than that. --68.248.238.140 |
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Wow very encouraging for me and everyone else !! Well let me tell my story. I got interested in RE when my Dad starting buying when I was about 9 or 10. By the time I got to be 15-16 the stock market was booming !! dot.com's exploding !! I was working part-time at a lawfirm in downtown Chicago and was making good money for a young cat. Started stuffing cash in my Ameritrade custodian account instead of buying Michael Jordan shoes and Tommy Hilfiger. I got to be so good with the market I went down to intern at the Chicago Mercantile Excahnge at 17 over the summer. My dream was to be a pit trader and use the money to buy RE. My boss called me lazy, and did not let me return next summer.(cant understand) So I had to push for plan B. Started saving cash and reading books. My the time I was 20 I was ready. That was last march and oh my GOD HOW MUCH I HAVE LEARNED !! Finally bought my first place last month and closing on the other in 3 weeks. I hope to do a least 4-5 rehabs a year. --24.15.45.248 |
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My dad lost a bundle in real estate when the stock market collapsed in 1929, and he always warned us not to invest in rentals. Well, at age 59 I saw the high-tech "bubble" coming, so pulled some money out of the market to buy my first rentals. Wish I'd bought more at the time. I buy primarily for retirement cash flow, secondarily for appreciation to pull out to finance new rentals. --216.239.160.71 |
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started at 24....turned my personal home into rental....screened well...after 4 consistent months of pay...realized i love r/e..., doing fixups..., and this was a great way to build a part-time biz on the side of my 9to5'er. ultimate goal: create cashflow to the extent...i just walk to the mailbox to pull check out...drive to bank...deposit...but as you know LLing is alot more detailed than that!! i primarily buy and hold....focus on both appreciation and cashflow...it has got to cashflow...typically buy in up&coming areas ahead of the curve...with properties in bad shape...where price reflects it. I've flipped a few...,sold some extra lots/land..., and gotten rid of some underperformers (at least in my opinion for my portfolio) along the way... --206.212.89.240 |
| After getting out of the Navy in 71 I rented a house with 2 other guys. After paying those rent checks for 9 months I decided to collect them instead and bought a tri-plex with my GI bill benifits. I have owned rentals off and on eversince then. I curently have 19 units and a couple of other places I'm working on that I may flip or rent to own. --24.129.53.155 |
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Bought my first duplex when I was 41 after a lifetime of "considering" it and wishing I had the money to do it. It was a homerun. Since I've flipped a SFH taken a SFH subject to and bought and am rehabbing a junker that should turn only $15k after all is said and done. Now that I've tested all the waters LL'ing is for me and I'll concentrate more on that. Strategy is to build equity by buying low and renting for cash flow now, then selling at market price for retirement. I bought the Ron LeGrand program to get started in investing and am happy with what I learned. Gotta sift through the pie in the sky that he sometimes presents, but overall it works. --209.239.158.53 |
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Was a dream since I was 25 (husband was not interested but I continued to dream). After the tech boom I convinced him to do it three years ago when I was 37. No previous knowledge or family in the business, I just bought tons of books, went to seminars and meetings and learned through experience. I'm a buy and hold gal, I want to pay off some to have for retirement income. You have more options with rentals, if the rental market is down you can still fill it with tenants or you can create a lease option deal, etc.. to keep it going until the market comes back. My philosophy is, there will always be someone that needs a place to live. --12.33.189.81 |
| Got started when I was 25 and got commissioned in the army and was stationed at Ft. Hood, TX. Rented for six months there then realized I wanted to try RE. We bought a duplex and rented out the other side with no problems and only one month vacant in the 4 years we lived there. Got stationed in GA and realized the market (taxes, prices, and opportunities) was alot better than TX. We now have 18 units and our goal is to replace our income by the end of this year which will take about 65 units based on our criteria. To me this is the best reitrement plan there is (even better than the army). --198.26.132.99 |
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I was 30. My wife and I wanted to save for a house. We had no money so we borrowed the down payment from my father-in-law and paid him back with the money we were paying in rent. We bought a 4 family and rented out the other 3 units. We had an adjustable interest rate so the payments were low. We kept it after we bought our home. We then bought another 4 unit. God bless the U.S.A. It is a great place to live. --63.162.24.193 |
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In 2001 I was 28 I purchased two four plex's, 2003 I purchased A three plex with three extra unfinished units and another three plex. In 2004, I just closed on a twelve unit apartment building that has also commercial renter. I have now finished one of my unfinished apartments. I have 28 finished units and 2 unfinished. I want to go to 200 units as I want landlording as a career not a hobby --65.78.217.162 |