[Under The Radar]

Hello all my fellow Young Entrepreneurs, 2 months ago I read Robert Kiyosaki books (or however you spell the mans last name) and got so inspired to start on my path to building a life for myself thats more prosperous and entertaining than workin for these other business men and making them rich. I want mine and will get mine. Trust me I am VERY cocky but am trying to subside it in this post. I understand that its very important to learn from other people and help them out as well in order to get where you want, thats why I am here. 2 months ago i started making money on my own and I turned $4500 into $12000.... paid $3000 in bills so im with $9000 right now, with more and more coming in. Im weighing my options of put money into the market, vending machines etc.... any advice for a newbie in FLA? Thanks !

[Sererena]

Hi Under the Radar! Congrats on your business success so far! I wouldn't worry about seeming cocky... I think entrepreneurs are generally more cocky than most. ^_^

[Lambo]

invest in something that has value and will give a great return.....

[Aletheides]

Welcome!

When you turned 4500 in 12000, was it illegal?

Just a wild guess.

[Under The Radar]

Thanks for all the welcomes folks. No I dont make my money illegally, I buy and sell a whole sort of things from electronics to cars parts/accessories to clothes to anything I can get a good deal on wholesale wise. lets leave it at that. Why would you ask me a question like that anyhow without even acknowledging my thoughts and questions? Little weird to me... Im looking to "diversify" my money making strategies and streams. So, please do not misunderstand my question and my intentions for asking it. I am NOT asking you this question because I dont know what to put my money into, im asking because I want to get all of your opinions on what is the #1 value returner at this point. I appreciate the responses and hope for many more !

[Aletheides]

Real estate - it's a good time to buy but don't try to flip it.

[jmasters1691]

What, other than making money, are you passionate about?

[SiteFlipAcademy]

Welcome to YE!

Congratulations on your success! Developing your skills and focusing on your niche are excellent priorities for you. Consider yourself invited to share your business expertise with all of us. Wishing you good luck and lot of success in your business.

[GuyBBY]

Welcome to YE! Keep pushing and stay hungry.

Keep us posted.

G

[Under The Radar]

Hey Aletheides, about the Real Estate market. I am 19 with no established credit at this point. I know how the whole Real Estate thing works as my dad does it and has done it since I was a youngin. What ways could I get approved or whats the best way to go and start building credit (besides buying a car). All I hear is go get a credit card but I dont see how that would help me get approved for a mortgage?

Hey jmasters1691 , I am passionate about sports, cars, girls, money like all guys but my own little passions are pinball machines and arcade games and sports cards. I love talking and dealing with people. I see myself owning some sort of arcade/sports card business later on in life.

Thanks for the help everyone, you men and women are wonderful and very open to helping others which I find is very rare anymore.... I truly appreciate it !

[Aletheides]

If you want to start building your credit immediately with banks you can do so with personal/signature loans. These are basically small ($1,000+) unsecured loans you can get with your signature. If you can't get an unsecured loan, you can usually get a loan secured by your deposit in the bank. Clever budding real estate investors will even take the money they just received from a loan from one bank, then go deposit it into another bank and get another loan secured by that deposit from a new bank. You can do it over and over again, establishing lines of credit and solid borrowing relationships from multiple banks with basically the same amount of money. But remember, always make payments on time if not a little earlier.

I didn't come up with this though, I learned it from a book by Carleton Sheets where he goes indepth on building good relationships with banks. You might be familiar with him, he's a legendary investor from Florida well known for his "creative" real estate deals.