24 young and determind

**hatterific** · 12-04-2008 10:32 AM

i'm 24 i've been cut and bruised trying to start something working with my parents, now my parents owned a business and it went down, a business worth 750 thousand, we sold it for 95 thousand dollars!! but now i got a break real estate! its my obsession my passion now! my mom thinks i'm chasing a pipe dream but i think i'm looking through an eagle eyes i've got several books mostly by donald trump.Now what do i need to get a gov. grant for an institute i want to go to donald trump's institute i believe there is a grant for this any help would be great!

**Encrypted** · 12-04-2008 10:42 AM

So you have no startup capital and you want to get into real estate?

**pboychuk** · 12-04-2008 02:30 PM

A grant to go to donald trumps institute? Im sure the govt would jump all over that.

**Aletheides** · 12-04-2008 03:06 PM

So what's your plan in an economy like this for real estate?

Originally Posted by pboychuk

A grant to go to donald trumps institute? Im sure the govt would jump all over that.

luulllllzzz

**hatterific** · 12-04-2008 10:22 PM

Aletheides
my plan? ok to buy a house flip it or rent it out the economy is geat for real estate regardless of what the news is saying trump made this statement "i thank god for stock market crashes that's where i make my money, it may seem harsh but the market will rise again and i will rake in millions" in a low or nothing market there is a ton of profit to make, Yusio basically yes

**teenbizcoach** · 12-13-2008 08:46 PM

welcome,

young and determined is definitely accurate

I'm sure your mom says you know everything and nothing at all.

I don't know how investing in real estate with no start up $$$ is going to work out. But I am sure you are working out the logistics of that now ;-) As for the grant to Donald Trump's Institute- My guess is that you would have a lot better luck writing to them and telling them your story and why you are deserving to go there without having to pay for it. You never know how they will respond.

Also, if you are looking for help, perhaps humbling yourself might be in order. Otherwise people are less inclined to offer help if you just blurt out bold and egotistical statements as if you are deserving of it? And how many people do you think are going to trust you just rambling off dollar figures off the top of your head about how much your parents lost (or even gained for that matter) in their business? This may not be a good thing- esp. if you live with them. What if they are experiencing some financial hardship as a result? Do you think that investors are going to trust you with a large sum of money?

You can say that you have business experience, you worked with your parents, you've seen their ups and downs with the business and with the economy. Ok?...and then build your own independence and identity from there. So slow down first. I feel that there is always hope in seemingly hopeless situations, so I think you can achieve everything you wish for (maybe not in the exact way that you see it now, but you will get there if you stick with it). However, if you continue to move fast and reckless like the posts in this thread reflect, I would have to agree with your mother.

So chill out a little. And good luck.

**Brainy** · 12-13-2008 11:13 PM

Real Estate is good for real estate investing in my opinion. The main reason is that you can leverage your asset by using the bankers money. With 5% to 20% down you are able to buy properties with the banks money, rent these properties out, and in doing that the renters payoff your mortgage, and hopefully also provide some cashflow in the process.

I am doing the same, and have a list of professionals that I am talking with during the month of December and January. Specifically I am talking and getting to know a local real estate investor that has been very active locally in that last 15 years.

I would say that the main thing that I am currently concerned about is the specific market that I enter- my local town is doing very sad in real estate appreciation, no positive growth forecasted for anytime in the future. One of the benefits of real estate investment is their ability to appreciate, and in a market with zero appreciation - I fell I can't invest here, but need to invest in a much more diverse and growing economy (Indianapolis) that is within 1 hour of me.

Check out experts on the topic at your library and by buying some good real estate investment books. Robert Kiyosaki has a ton of books on investing and real estate, right now I am reading a book by Larry Loftis.

My advice is to talk with as many real estate investors as possible, and learn from their advice. )