I'm 14 and Want To Be A Real Estate Developer, Where Do I Start?

[@sibbahjat1963]

My suggestion is to find a real estate group that meets monthly or quarterly. This will give you a better perspective and easier to navigate. Dave is correct that RE development has the highest risk, but what he is not telling you is that it pays the most as well. The best way to eliminate risk is to partner on a small project and learn. The tricky thing about partnership is to make sure you are partnering with a ethical person and goals are aligned. Networking, talking to people is the best way to get into the business. You have a high potential and success rate. Keep the positive attitude and don’t let bumps on the road take your focus away. All the best to you Mustafa!

[@djpuplex]

Everyone know the real money is made in selling a course or starting a KZbin channel about selling real estate.

[@joesillamanrs7189]

Everyone knows the real money is in starting an onlyfans.

[@Pixel_Po27]

@@joesillamanrs7189 nailed it

[@WorldlyBudget]

😂

[@whogohost3534]

I am a single mother at 42 and to be honest, life has been so rosey and i plan to retire at 50 if things are still favorable for me, just got my first house in the state this month and i am so proud of myself and my achievements so far.

[@rosajane9721]

Hi Pretty lady, I love the progress you Made and i will love to make mine too, Do you mind sharing some tips please?

[@whogohost3534]

@@rosajane9721 I used F. I. R. E movement honey

[@rosajane9721]

@@whogohost3534 what is F. I. R. E movement ma'am.

[@whogohost3534]

@@rosajane9721 It means Fin ancial Independence Retir e Early.

[@rosajane9721]

@@whogohost3534 thanks for replying me, i will more research about it😊

[@MR3DDev]

This is an unpopular opinion but, enjoy your childhood, you will be an adult your whole life. You can still look at things you are passionate about but don't accelerate being an adult, once school is done go all in.

[@lucius8686]

Once school is done ur like 18/19... that’s abit late don’t u think

[@gmarie3053]

Agreed, be a child. But then again I’m an adult who’s not where I want to be so don’t listen to me 😂

[@MR3DDev]

@@lucius8686 oh yes you are just an adult. We are too focused as a society on you gotta hustle and you got to be productive all the time, let kids enjoy being kids, they got the rest of their life to figure out. Not saying they should not learn anything but there is still a time for everything

[@MR3DDev]

@A Laputa It all depends on the upbringing, I had friends in school who spent all the time partying, had bad grades, now they dont have college degrees but have succesful bussineses

[@swishersweet5219]

@@lucius8686 nah not at all 18 your still a baby

[@limitone9564]

My advice is don't be greedy and be ethical, be honest!

[@webfreakz]

Sounds boring, we can't have that!

[@LittleMopeHead]

^why not?

[@gymlaxbro]

You will fail big time in real estate with that mentality unfortunately

[@chteyjdrushifdhfd8128]

Why?

[@chteyjdrushifdhfd8128]

@@LittleMopeHeadmoney

[@miriamstrauss]

*If you you’re reading this - in case anyone hasn’t told you yet today - I believe in you and I am proud of you 🙌🏻*

[@jesuslovesyou916]

Thank you, and I believe in you and proud of you too

[@The.Dude.Abides.]

🤢🤢🤢🤮

[@LittleMopeHead]

Someone beat you to it today, but thanks anyways.

[@miriamstrauss]

@@LittleMopeHead well you can never get too much support!

[@jeffwvu4602]

Oh look, another fake, attention craving comment in order to get likes.

[@tffy2004]

I wish I was this focused at 14... Way to go!!

[@Jamal-kk2kw]

Hey I’m 14 rn and I want to become a Real Estate developer. I really don’t know how to start, like what classes I have to take in school, do I have to go to college things like that I need help

[@tomcripps7229]

The best way to get into real estate is to buy land. Aside from that, and having no money, I would say property management is a good place to start. While studying and reading, look into property management and how to work on things inside the property. Learn to be a handyman so you don't have to hire one every time something needs to be fixed. After high school, look into apartment management and make readys. You will gain a lot of knowledge and valuable experience on how things work very quickly. DR has done this as my boss who owns the largest property mgmt. company in the world. He started mowing lawns like Dave.

[@ragequit7389]

Difference between being in property management and an actual investor

[@moneybee]

I respect Mustafa's tenacity to learn as much as possible. Love Dave's point to talk to the seasoned veterans as well. Best to learn from people that have seen it all! :)

[@mariorodriguez219]

Hi

[@BradleyBellwether-oy2qi]

My plan for this young person would be: 1. Get a job with an excavation firm and become a heavy equipment operator. 2. Save your money and don't borrow. 3. Buy an inexpensive undeveloped property. 4. Rough grade and installl a build pad on said property. 5. Sell said property for a healthy profit. 6. Rinse and repeat, until you're the one overseeing every aspect from rough grade to finished single family home(s). If the development career doesn't pan out, you're still a heavy equipment operator making more money than most people.

[@ParaxonTV]

you shouldn't forget that with buying run down property, location plays a huge role; if it's going to cost you 35k for the mortgage down payment (around 20%) and another 30k for the refurb but the average sell price for similar property in that area is only 200k than you'll be at a loss, or it at least would't really be worth your time. Unless i'm incorrect then please let me know.

[@BradleyBellwether-oy2qi]

@ParaxonTV Location is given. I didn't mention it because everyone knows the first rule of real estate, whether buying or selling is, "Location, location, location".

[@pjun6698]

There is more realtor than house on sale lol

[@rippfkmarlo647]

😂

[@bkucenski]

Most agents become agents to buy and sell specific houses of friends and family or for themselves as an investor.

[@rippfkmarlo647]

@@bkucenski not true

[@igystrvigy]

I think most teenagers are miserable because they have ability, but society (and the law) hold them back.

[@SamJones-11]

I’m an unborn fetus and want to retire early before I’m born where do I start?

[@allprolemontonz8448]

Many teens would rethink trying to get rich after one week of fulltime corporate work lol

[@jake-homeloansrealestatein6880]

What do you mean?

[@allprolemontonz8448]

@@jake-homeloansrealestatein6880 they are usually in for a rude awakening about business.

[@superblump87]

Are you implying you get rich by working for a corporation? Or do you mean they would want to get rich instead of working for a corporation?

[@jzsoldaz6406]

If anything it’s more of a motivator. Who wants to work for Big Box Corp for 40 to 50 years?

[@KingPigeon891]

For those saying "Just enjoy your childhood" what if his childhood is pathetic at best

[@preezypatel]

Right go get the Money and buy toys later and act like a kid in your off time lol

[@t4t806]

Good will guide you

[@stratonarrow]

As someone who works in the industry, this is REALLY good advice here.

[@That-Wanderer]

Way to go little man, you're going down the right road.

[@SavageBaller27]

What is the email that we send our questions to like this one?

[@franksnow5165]

I question Mr Coleman's advice here. One, in most fields they don't want to hire and train anyone the know is going to become their competition. Two,work for free to show em how hard you can work just gets you laughed at. On the basis of why would we want to hire someone who's willing to work for free? They must be desperate.

[@MillionaireMindsetClub]

Find a mentor!

[@kathleenreyes4345]

Great advice!

[@stevemyopinion423]

i think it also depond on what you mean by real estate devolper, i mean the guy in charge of a company that bulids say 30 unit aprtment building or stuff like that is far different then the guy that has no idea what he doing and buy a land and try to have it build

[@leeroyjenkins5208]

Get through middle school first is my advice

[@0mllnahellcat310]

I 3I2-7O2-O24O

[@jkhlkjhhlij]

Hey Dave/Team, Thanks so much for answering my question!

[@ZachSchieffer]

Awesome advice, thank you Dave!

[@ParaxonTV]

I'm in quite a similar situation to Mustafa, I'm a 15 year old that's been interested in the income potential of Real Estate since I was 14 and looking to get apprenticeships for experience reasons. I've been seeing some comments talking about how there's already too much land being taken up by property and tbf I do agree, of course I love nature and wildlife in general but it seems my only other option is to work for someone else on minimum pay for the rest of my life... I've grew up in a working class environment within the UK and know all too well the struggles and stress that come with a small paycheck. I don't want the same for my future family, that doesn't mean I wont teach them the value of money but I also don't want them to be wondering where our next meal is coming from or if we can afford rent/utilities this month, especially at such a young age. This is also the reason that I don't necessarily want to make tens of millions but also not under 100k annually. Within the property sector, I'm honestly more focused on the refurbishment of old property or development within already situated areas like cities, I wouldn't want to tear down beautiful landscapes just so that some rich guy can have it as his "view" every morning. Sorry for the long paragraph I just like thought-provoking topics.

[@ParaxonTV]

I could ramble more about this topic but i'd essentially be saying more of the same.

[@jenniferbassett3001]

How do you FIND a Real Estate developer? Is a real estate AGENT and a real estate DEVELOPER the same thing?

[@Coreyb55]

No it’s not

[@amymeisak2534]

An agent sells property usually through a company and makes commission on it. A developer buys beat up property, fixes it up and either rents it out or sells it for a higher price to make money Hope this helps x

[@DavidLopez-gx1yi]

@@amymeisak2534 no that is a flipper. A developer starts by buying land and developing it to their respective ideal real estate product

[@amymeisak2534]

@@DavidLopez-gx1yi I stand corrected, thanks David Lopez

[@The.Dude.Abides.]

Tone it down buddy. You’re freaking 14 but best of luck to you.

[@0mllnahellcat310]

I 3I2-7O2-O24O

[@BLacknesmonstaz]

Few 100 years ago, teenagers were grown men already.

[@mattytoal4088]

Life expectancy was halfed too haha

[@StephenIC]

@@mattytoal4088 spot on. Let's not glorify the "good old days" too much just because there's a lot of adult children around today

[@dathip]

@@mattytoal4088 and racist, and filled constant wars, pestilences and famines lol.

[@annajones9701]

Most men still in 30's are kids today

[@isaakyeroushalmy8281]

הלוואי שידעתי בגיל 14מה אני רוצה לעשות בחיי

[@JesusCervantes-vl4mb]

Gotta start them young :)

[@jeffdorris5321]

Nice work 🎆🎱🎇

[@sironeil-personalfinancere9367]

Lol also don't forget to take some time to be a 14 year old.

[@apeshitclothing]

Eh. There's time for that at 16

[@bhyyrttf]

First, before those quotes comments

[@ragequit7389]

Never listen to Dave Ramsey for real estate advice . If this kid or anyone that wants to succeed respond to my comment I got some podcast and books for you

[@louielopes372]

what are books you recommend, and podcast

[@Jack-se2br]

"Im 14 and cant stand seeing my local ecosystem not being stripped away to increase the gdp" bro can we PLEASE STOP building up every square inch of land available?

[@harshmaharishi3843]

If I don’t build it someone else will. So might as well be me

[@Mr.Sag4cious]

@@harshmaharishi3843 "if i dont steal it someone else will" - Jacob the israeli

[@Joyce-7JM]

@@Mr.Sag4ciousso your mad people buy houses other people are literally SELLING

[@ParaxonTV]

i'm afraid that with the ever growing populations around the globe and the already limited space within the more sought after locations such as first world countries, I'm unsure there's a lot we can do, that is unless you want to use the Chinese 1 child method...

[@Jack-se2br]

@ParaxonTV no i want a full ban on immigration. Im tired of having over 1 million immigrants every year since 1965 from nations that dont have our same values, speak our language, and only vote 1 way move in every year. Idc how many people want to live in first world countries. They dont have the right to just move here.

[@Kylejohn33]

I honestly hate to see more developers. More raw land being turned Into busy cities.

[@WhoIsJohnGaltt]

These are the eventualities of the world

[@Kylejohn33]

@@WhoIsJohnGaltt earth will eventually look like that planet on Star Wars that is an entire city.

[@WhoIsJohnGaltt]

@@Kylejohn33 ehhh I disagree. I’m sure there would still be parks and pockets of privatized land that people wouldn’t sell to be built on. Much like the park in the middle of New York.

[@Kylejohn33]

@@WhoIsJohnGaltt yea they need to save farmland because otherwise not sure where all the food would come from. Plus who’s to say population will continue to prosper or increase as the future is unknown.

[@WhoIsJohnGaltt]

@@Kylejohn33 I wouldn’t worry about the food. Farms will just move from wide fields to tall towers. There’s are companies that are already producing food indoors in skyscrapers. That is the future. Building up not across for farming.

[@BILLIONAIREGH]

Pls enjoy your childhood

[@shannonzittlow8462]

Hopefully he’s not following people like Grant Cardone AND high leverage style real estate

[@ragequit7389]

Yet he has a higher net worth than Dave Ramsey by 100 million . You can leverage debt smartly . Ramsey wants the middle class to not become wealthy

[@shannonzittlow8462]

Warren Buffett says when the tide goes out you can tell who was skinny dipping AKA Overleveraged. or too big to fail like 2008

[@gmarie3053]

He literally has segments called everyday millionaires.

[@shannonzittlow8462]

@@gmarie3053 Definitely slow and steady is the way to do it and not leverage debt

[@ragequit7389]

@@shannonzittlow8462 it’s not the only way to do it

[@millennialsecularandauthri3338]

Have rich parents

[@Kelprop]

Carpentry

[@Primitive_Code]

Saddam Hussein's grandson was named Mustafa and died at 14 years old.

[@johnmirbach2338]

😁👍👌✌🖖😎

[@dabd8175]

Start at McDonald's kid

[@netwright4083]

KZbin MeetKevin and reach out to him for an internship in CA