Real Estate Rookie

Buying His First Rental at 19 by Doing What Most Newbies Are Afraid to Do

17 snips
Oct 2, 2024
Guest
Elijah Berg
Nineteen-year-old Elijah Berg is a young real estate investor who bought his first rental property despite facing challenges in the current market. He shares his journey from learning about financial independence to setting savings goals for a down payment. Listeners will discover the importance of partnering with an investor-friendly agent and overcoming fear to seize opportunities. Elijah emphasizes that time in the market beats timing the market, inspiring newcomers to take the plunge into real estate investing.
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ANECDOTE

Elijah's Background

  • Elijah Berg, a 19-year-old, works at M&T Bank and is also a registered boxer.
  • He learned about FIRE (Financial Independence, Retire Early) and discovered real estate's importance.
INSIGHT

Real Estate's Appeal

  • Real estate offers more control and forgiveness compared to stock trading.
  • Find your personal "why" in real estate; loving the process fuels dedication.
ADVICE

Aggressive Saving

  • Save aggressively for a down payment, especially when young and with fewer expenses.
  • View saving as an investment in your future, enabling you to spend money to make money.
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