271: $900K in Real Estate at Age 17 by Doing What 99% of Teenagers Won't w/Ava Yuergens

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 22 March 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

$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 Ashley's Instagram Tony's Instagram Airbnb BiggerPockets MLS Real Estate Rookie Facebook Group Alpha Geek Capital BiggerPockets Calculators Google Drive Guesty Robuilt Youtube Channel The Real Estate Podcast Vrbo 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:: Ava's BiggerPockets Profile Ava's Instagram Ava's Tiktok Ava's Youtube Channel Check the full show notes here: https://www.biggerpockets.com/blog/rookie-271 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie Episode 271.
0:05.0	First, you need to determine an asset class you want to do,
0:08.0	and then you need to educate yourself on it and make that step-by-step checklist.
0:12.0	Because once you have that checklist and it's so much,
0:15.0	because it seems like so crazy when there's a whole bunch of things like,
0:18.0	oh, I have to do this, I've talked insurance people like,
0:20.0	but if you just lay it out on a checklist step-by-step in front of you,
0:24.0	it cancels out all the noise because all you have to focus on is that next step.
0:27.0	And if you have due dates by it, it's great for setting goals, so I recommend.
0:30.0	Just figuring out what asset class you want to do and just choose one,
0:33.0	whether it's multi-family, Airbnb, like arbitrage,
0:36.0	anything, and then make that checklist with this step-by-step,
0:39.0	like actionable steps that you can take.
0:41.0	My name is Ashley Care, and I'm here with my co-host, Tony Robinson.
0:45.0	And welcome to the Real Estate Rookie Podcast,
0:47.0	where every week, twice a week, you're bringing you the inspiration,
0:50.0	motivation, and stories you need to hear to kick start your investing journey.
0:53.0	And today, I want to shout out to someone by the user name of G Zerida 9.
0:57.0	And G Zerida says, amazing podcasts.
1:00.0	This is the best podcast to listen to when you're starting your Real Estate journey.
1:04.0	Tons of information, super easy to follow.
1:06.0	Thanks to the host, Ashley and Tony, who have great personalities
	...

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