If you have the drive and the knowledge to become an investor in real estate, the question of “How do I get into real estate at 16?” may not be as daunting as you might think. However, it is important to understand that real estate investing is not a get-rich-quick scheme. Rather, it rewards those who have patience. In this article, we’ll discuss some of the steps you should take to get started in real estate.
First, you must be at least eighteen years old to become a real estate agent. By age 18, you must be able to sign contracts with buyers and sellers. Once you’ve reached this age, you must save up money for a down payment on a small residence near your school. You’ll need to have a parent sign the loan documents as well. Once you’re done with school, you can begin investing in real estate with as little as 20,000 dollars.
Once you have a business plan, it’s time to find a mentor. A good mentor is crucial in this field. A real estate agent’s salary is often determined by their income and comps, so it’s crucial to choose a multifamily 4 door or more property. If you’re still too young, you may be turned down by banks, so consider working with someone who’s already an experienced agent.