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Investing at 19 Thanks to a “Knockout” First Real Estate Deal

Episode #465 Episode Show Notes: https://link.chtbl.com/Rookie Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... Buy the Book “Rich Dad Poor Dad”: https://store.biggerpockets.com/produ... Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See Ashley and Tony at BPCON2024 in Cancun! https://www.biggerpockets.com/events?... BiggerPockets Money - Episode 377: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s: https://www.biggerpockets.com/blog/mo... Connect with Elijah: https://www.biggerpockets.com/users/e... Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/e... Tony: https://www.biggerpockets.com/users/t... How hard is it to buy a rental property in 2024? With all the buzz around high interest rates and soaring home prices, you’d think that investing in today’s market is a lost cause. But if a nineteen-year-old can take down his first real estate deal with very little education or experience, there’s no reason why you can’t invest, too! Welcome back to the “Real Estate Rookie” podcast! After learning about FIRE (financial independence, retire early), Elijah Berg realized that wealthy people had something in common. They weren’t just investing in stocks; they also owned real estate! Determined to follow in their footsteps, Elijah started saving for a down payment and built his buy box. Next, he found an investor-friendly agent and lender to help him find and fund his property. Eventually, he found a diamond in the rough—a duplex in an A-class neighborhood. Tune in as Elijah walks you through his first deal and shares some personal finance tips that helped him prepare for his first investment. In this episode, you’re going to learn why time in the market is still more important than timing the market, and why new investors shouldn’t allow fear of the unknown to stop them from investing in 2024! 00:00 Intro 00:50 Investing at 19! 04:37 Saving for His First Deal 10:37 Finding the Perfect Property 17:02 Numbers on the Duplex 21:11 The “Fear” of Investing 25:29 Connect with Elijah!

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