[REinvestor]

Hey my name is Sam and i am new entrepreneur and relatively young. I began my business about 2 months ago. I understand that there are a lot of other young entrepreneurs and it would be great to be in contact with you all. I try to meet and stay in contact with as many entrepreneurs possible as My e-mail address is chanleyinvestments@yahoo.com and my AIM screen name is qwerty91357 .

Thanks

Sam Adams

[ProLogic]

What do you do?

[Saajan]

Welcome Sam to The Young Entrepreneur Forums. I'm 15 by the way.

[DrMoney]

Yes, what is your business? and Welcome

[Businessceo1]

I'm 16, 11th grader, with a few small enterprises.

[commit]

i can't be your associate i guess. Im 26

[DJ Samson]

Commit, I don't think that's what he's after. I think he's more into the business scene with people his age. I've tried pitching my ideas to other people/angel investors in their 20's but they didn't even listen to me. I don't think anyone in their teen's would push a 26 year old away.

BTW, I'm 15. Welcome to the boards

[REinvestor]

Hey everyone, thanks for the welcoming. I have and run a real estate investing company that's 90% home-based. I know that most people would think 16 isn't a reasonable age to get into real estate investing but im not doing real estate like Donald Trump and Robert K, and its actually a very profit returning business if done right.

What line of business are all of you in?

Sam Adams

[REinvestor]

Oh and to the gentleman whose 26, you're more than welcome. I was just mainly targetting the crowd of people who are 15 - 25 as it is easier to relate with them. But it's great to meet you and I am open to any and all new entrepreneurs to be peers with.

[Envydia]

Hi and welcome!!! how does your business work??

[REinvestor]

Hey, here's the breakdown.

First we find a home for sale and we negotiate a low price and contract it, we don't buy it. We then find someone who would like to move into that home and we sell them the contract to buy the home at the low negotiated price.
For example:

We would find a home thats value is $200,000 and we would negotiate it for lets say $170,000 and contract it. We would then find a buyer for the home and sell him the contract which says he can buy a $200,000 home for only $170,000. The price we sell the contract for is our profit. A contract for a deal like this would probably sell for about $3,000 - $5,000.

That is the basic breakdown, its a little more complicated with how we negotiate a low price, how we contract and all.

If anyones interested for mor einformation let me know,

[NeeJam]

welcome to ye