please? or something where i can invest money at my age and have money 3 years for now in college?
2007-03-10 10:05:57 · 7 answers · asked by The REBELution! 3 in Business & Finance ➔ Investing
umm i think it's 2 late 4 me to get a scholarship
2007-03-10 10:13:30 · update #1
If you are interested in investing in real estate, find a relative that invest in real estate and let them invest for you through a real estate investment trust. with you as the beneficiary.
I knew that my children would be attending college or at least I wanted them to, so I purchased a house for each when they were extremely young. The ones I purchased were able to get them through college.
We are looking for some excellent students at USC that are enterprising. Consider this very prestigious institution when you decide to attend a university. Which ever one you decide to attend they will be getting an excellent student and a very wise one.
Real estate is a good investment if you know what you are doing.
See if you can check out a couple of real estate investing books from your library.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-03-10 10:22:04 · answer #1 · answered by Skip 6 · 0⤊ 0⤋
First off, You are very very very smart. Congratulations.
Next, here is what you need to do. You need to work for free.
You are goign to post pone your income, until a later date in time. You are going to identify the top 5 real estate investors in the area. You are going to offer to flyer homes for them, walking neighborhoods, and deliverying flyers, door hangers we call them. You will also agree to work as in the yard or other ways they may need to have help. (this works good with a broke investor also.). Lets say you agree to a wage of 10 per hour. but here is the catch, they can finance you. You will do this work and they will sign the contract with your parent (you are too young to legally execute a contract). For yuor part of the work lets say you put in 100 hours to each investor, at 10 bucks that is 1000 right? But no, t hrough the magic of financing you can charge more, so you will do the 100 hours of work for the price of 2000 but they dont need to pay until the house is sold. Then when they agree to it, you put a UCC financing statement on the house (I am not a lawyer but this is how the fence man gets paid when he does the work prior to being paid). You allow them to finish the house. When the house goes to get sold, they must pay off all ucc financing before he gets his profit. You have helped him by financing some work he needs and you have received a premium for waiting for your money.
Good Luck would love to know how this turnsn out if you try it.
Ask dad about it, if he doesnt know about UCC financing, call the court house or a lawyer.
2007-03-10 18:13:00 · answer #2 · answered by batwanda 4 · 0⤊ 0⤋
You have to be 18
2007-03-10 18:22:08 · answer #3 · answered by shorty 6 · 0⤊ 0⤋
Regretablly dear before you are 18 you can not enter into any legal contract. real estate is a legal contract.
Try CD's at the bank or a financial analyst for assistance.
2007-03-10 18:09:28 · answer #4 · answered by norwooddrafting 3 · 0⤊ 0⤋
if you want college money i would personally start working hard in school to get scholarships more than looking for investing opportunities.
2007-03-10 18:09:59 · answer #5 · answered by Vettepilot 5 · 0⤊ 0⤋
I'm sorry I don't have an answer for you but I wanted to commend you on your drive for financial success at such an early age. Good Luck!
2007-03-10 18:08:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you have to be eighteen for legal reasons. good luck
2007-03-10 18:08:42 · answer #7 · answered by Anonymous · 0⤊ 0⤋