271: $900K in Real Estate at Age 17 by Doing What 99% of Teenagers Won't w/Ava Yuergens
$900K in real estate at age 17!? That can’t be possible! If you’re feeling shocked, join the club because today’s episode is something that’ll leave you more fired up than ever before. We talk to Ava Yuergens, a high schooler who’s purchased more real estate than most full-grown adults. Without the ability to even get a credit card of her own, Ava has taken down almost a million dollars in real estate, all thanks to creative financing, hard work, and a determination to build wealth no matter what. Want to repeat her road to success? Stick around!
Like most young entrepreneurs, Ava caught the cash flow bug after reading Robert Kiyosaki’s Rich Dad Poor Dad. This classic book opened her eyes to the world of income-producing assets, catapulting her toward the topic of real estate investing. She was up early before school, reading how to invest, where to find off-market deals, and how to finance a property when you have no full-time income. With some thoughtful planning and serious due diligence, Ava was able to close on not one but two rental properties before graduating high school.
And whether you’re fifteen, twenty-five, or fifty, Ava’s advice is useful for ANY real estate investor in ANY stage of life. She walks through exactly how to find your first real estate deal, getting comfortable with an investing strategy, bringing in partners and funding (when you don’t have the cash), and turning your small side hustles into massive streams of income. With this type of mindset, we know we’ll be hearing back from Ava very soon.
In This Episode We Cover
How to invest in real estate at a young age with no job or credit
Ava’s step-by-step checklist for getting your first real estate deal
Serious side hustles and using part-time work to fund future real estate deals
Real estate partnerships and how to split responsibilities when buying a property
How to find off-market deals, cold-calling, direct mail, and getting properties at a discount
Short-term rental investing and why most rookies choose self-management over third-party property management
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Check Out Tony’s Messaging Guide for Short-Term Rentals
18 Deals in 2 Years AND a Full Time Job with Kevin Christensen
Books Mentioned in This Episode:
Rich Dad Poor Dad by Robert T. Kiyosaki
Short-Term Rental, Long-Term Wealth by Avery Carl
Traction by Gino Wickman
Connect with Ava::
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-271
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