Re: Am I Too Young?

Posted by Roy Suomi on January 14, 2006 at 21:33:41 from (68.73.190.211):

In Reply to: Am I Too Young? posted by in-too-deep on January 14, 2006 at 20:04:48:

If you have the gumption to do this ..Go for it.It's the best investment you can make.. If the project works out, you can sell it and go to the next one.. I've got a boss that pissed away 28 years of rent money , and has nothing to show for it.. If you can start a project and see it to the finish, do it..Don't start and loose interest midstream..Also watch expenses.. House payment, material expenses. Try to figure a 25% fudge factor with your income money [ i.e. taxes , septic system , well ] so you don't get in over your head. To make money, buy , restore , sell. Do this several times and you can have the 3rd or 4th one " free ", provided you figured enough profit in the sale of homes..Good Luck.. Your question if you are too young?? As long as you can get financed, You're not too young....I'm 54 now , My house has been paid off many years . I wish I was 18 to start off earlier than I did. A " Go Getter" will usually do well..Retirement time will come long before you expect it.. Many people don't think of it till they go to retire and find that things don't go the way they expected. Many companies are taking retirements away from employees.. Plan for it now.. A wise man told me many years ago " any dummie can spend money " I'll never forget that..

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