$900K in Real Estate at Age 17 by Doing What 99% of People Won’t
HTML-код
- Опубликовано: 3 июл 2024
- $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.
~~~~
Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
~~~~
Join the Real Estate Rookie Facebook Group:
/ realestaterookie
~~~~
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
~~~~
Books Mentioned in Today’s Episode:
Rich Dad Poor Dad: store.biggerpockets.com/produ...
Short-Term Rental, Long-Term Wealth: store.biggerpockets.com/colle...
Traction: store.biggerpockets.com/produ...
~~~~
18 Deals in 2 Years AND a Full Time Job with Kevin Christensen:
www.biggerpockets.com/blog/ro...
~~~~
Invest with Tony:
alphageekcapital.com/
~~~~
Check Out Tony’s Messaging Guide for Short-Term Rentals:
• Revealing our Process ...
~~~~
Connect with Ava:
BiggerPockets: www.biggerpockets.com/users/a...
Instagram: @avayuergens or / avayuergens
TikTok: @avayuergens or / avayuergens
RUclips: @AvaYuergens or / @avayuergens
~~~~
Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
Episode #271
Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
06:53 $900K in Real Estate at 17!?
11:50 Couch Flipping and Finding the Deal
25:02 Property Duties and Convincing Her Parents
41:04 Rookie Deal Review
50:47 Rookie Rockstar
51:49 Connect with Ava!
This is so crazy! Sounds Way too familiar to my story. I also learned about real estate at 15, read Rich dad Poor dad and fell in love. Saved up and learn as much as I could and bought my first property at 17. Loan was in my parents name and deed and debt was put onto my LLC when I turned 18. I also moved across the state to work under a large real estate investor. I’m 19 now and have 11 units. so cool seeing other teenagers that think the same about real estate.
Impressive! yoúre a genius!
Amazing work @Youth Investing!
Where are you out of?
The rich parents truly made it happen.. 👍👍👍
😊
As a mom of a 17 year old son who wants to buy a rental property soon, you have given me some excellent new tips. I will be passing this episode onto him.
Compliments to her parents for setting themselves up to be in the position to help there teen grow as an investor!!! And the faith they have in them. That's great parenting 👍
Admirable, but its also extremely easy to get started when you have rich parents growing up who can loan you enough money to buy a house. I feel like after that first one, its always easier to move on to the second and third. But even having parents who are wealthy growing up is something a lot of people don't have, and its a massive road block in young people being able to get started.
I would consider that alone to be her biggest catapult into success to be honest. Obviously you grow and learn from that and can expand out, but being able to get that first property of the funding for it puts you miles ahead of everyone else around you who don't have that funding or access to capital / wealthy parents, etc.
It’s easy to say “that person has it easier than me and that’s why they are better me.” Now, you’re not wrong but it doesn’t make you any wealthier or a better person. What is helpful is thinking,”wow there are a lot of people who lived far harder lives than me who are more successful than I am.” So, don’t try to use “privilege” as an excuse to not perform.
@@LongJourneys people far less privileged than yourself are buying houses. Quit making excuses.
Wow! I was just saying that. I would change the title of this!! Doing 99% of what people can't do. Or, unable to do
It’s easy to flip couches for 3 months when you’re not paying rent or bills, etc
GET REAL... PEOPLE VWITH RICH PARENTS HAVE OPPORTUNITY THAT OTHERS DONT.....LOOK AT ALL THE MEXICANS THAT WORK FULL TIME JOBS FOR YEARS....AND ARE STILL PAYING RENT IN TINY APARTMENTS
She's a rockstar. I hope she is interviewed again in 3 - 5 years.
That is awesome. I bought my first place at 20 and have over 2m in realestate now. Good for her.
This video with Ava should be shown to EVERY person under the age of 18. Absolutely fantastic and inspiring.
LOVED this episode!’ What ROCK STARS they are. Ashley & Tony, I REALLY loved that you asked your guest and gave her time to explain all the numbers, finances and nitty gritty details. Too few podcasts do that and so often the whole episode just feels kind of vague and like a waste of time. Kudos to Al if you and please keep doing super metric-centric, info rich and detailed episodes coming!!
This is so inspirational. I have an 18 year old daughter who just spends $. I'm trying to drill this idea into her brain but no luck so far. This young lady is already doing it at a very young age and no one asked or forced her. Good for you. I hope all young people can be inspired by her.
Make sure she's not on OnlyFans or consuming TikTok.
Andrew Carnegie and Dale Carnegie. Very different people but equally beneficial in different ways.
This young woman is an amazing inspiration to all investors.
Cool interview... Step by Step instructions.. Thx
Oh. My. Goodness. I am extremely humbled by Ava. She is so inspiring, smart, amazing. I wish I could live my life over with Bigger Pockets knowledge. Thanks Tony & Ashley for this amazing episode!!
Glad she has some support
Wow this was such a great podcast! Ava is a go getter I commend her and the support of her parents 🙌🏼
Great insights, thanks!
This is amazing! So young, and off to an amazing beginning.
I love it!!
Great , now even a 17 yr old , has more real estate than me , lol j/k
Great job! I would really like to hear about how the economy and inflation play a role in real estate investing. For example, in a down economy and rising real estate costs, travel costs in short-term rentals. Advertising costs. How does rising unemployment/job loss play a role in filling short-term/long term rentals. Additional pros vs.cons.
Oh wow!!! Great story.
Congratulations Ava! Great episode!
Good info thanks
She did say something wrong though. She said that she graduated early " not because she was so smart" when she obviously is a real smartie pants. What an awesome young lady.
Such a driven and well rounded young lady. She will definitely do well in life if she keep going they way she is now. Wow big applause 👏🏻 Ava
Literally standing up and giving this young lady a standing ovation! This is inspiring and gives me hope for the future of this RE. I also can’t forget a roaring round of applause for her parents! Kudos to you all!
Phenomenal episode
Raise interest rates!!!
Awesome episode!
You Go Ava🎉🎉🎉
There's a way to go around the due on sale clause, options to buy, with the balance being the amount due at the end of the loan.
Humbled.❤
This is awesome! Keep it up.
So impressive. Amazing drive!
Kudos to her parents as well for nurturing this business with her and not telling her she’s too young. Wow. 🎉
What amazing drive and determination
Do you recommend using a PMS?
Awesome to have great parents who have prospered parents. Who then help and teach their children. Now I'm the one who is passing on the information, ideas, and education. So our future generations are not ignorant of these business concepts. Great video
I also started investing at a young age, awesome to see young people investing at a young age!! Keep the great content coming!
Pure genius in real estate. It's so easy even a teenager can do it :)
.... but how large are the mortgages ?
Yess. I used to watch her what I eat in a week Vids so inspiring ❤️💯
Should switch to a Trust and make the beneficiary the LLC that way the "Due On Sale" clause DOES NOT GET invoked
Wow amazing mindset at the young age ❤
You could do as I have been doing and been working the oil and gas drilling rigs as a means of building a base wealth been working for 11 years out there and have invested into my self such as education and gaining more skills to run a real estate business such as construction,plumbing,electrical, and hvac. With those skills I have acquired I went into business management and now been buying up real estate and no self sufficient and have a business and retirement plan for me and my family. Now from what I have learned I can now educate others in my family to do the same so we don’t have to keep living poor.
Fiancé too at 17 damn… growing up super fast
So awesome!!
So the property manager is one fee and the STR manager is another fee?
How did she get access to the MLS?
What would have happened if going thru direct mailing app?
Step one have rich parents. Would love to hear from people that haven't gotten a hand out from family or family friends. How do normal people get started that don't come from money? Not sure this was a good fit for the rookie podcast.
I would disagree. No matter where you are in life there are opportunities around you. She was blessed with an opportunity, that 99.9% of the world in her position would not have taken. She took action and risk. she gave an example of how she made 20k in 3 months. She clearly has put in her own work to make this happen. Some people just have a “how can I “ mindset if she didn’t have her parents to go to she would’ve found a lender at a REIA.
“You only NEED one of two things to invest in real estate, 1. Money, 2. Knowledge. Knowledge will bring you further- Brandon Turner.
There's way more than one way to make money. Especially in today's day and age when there's millions of ways to make money. Also last but not least you can do real estate without a single dollar
Also remember there's no such thing as getting rich quick
Exactly. I like to hear from people with similar backgrounds to me. Someone that had few privileges in their start in life and managed to find a path beyond.
Ego you sad a 17 year old beat you.😂😂😂😂😂
Great interview guys. I've been a BiggerPockets subscriber for years so I'm glad this came into my feed. Such great info and inspiring. Thank you for this. :)
There's Due on sale insurance for those worried about that.
17 with a fiancé and almost a million dollar real estate company 🤯
With the new trend of tenants/squatters not paying , how much money and time is lost to evict and what time frames has it taken to get them out ? Who does the leg work , them or lawyers ?
This stuff is never talked about on the podcasts….
Can we please tell a success story that doesn't start during arguably one of the best times in history to buy real estate? Beating my head against a wall trying to get started in 2024 😅
It’s amazing that she was able to save 20 grand and three months but at the same time other people need to understand that she has no other bills she doesn’t have to pay anything so 100% of her profit is going in the bank to whereas someone who has a house paymentphones kids cars insurance of all different types. It can be extremely difficult to try to raise $20,000 at $250 pop.
how can she go into contracts under the age of 18???contract law is voidable if your under age 18 so how is there a legitimate contract
Not sure if the host knows Andrew Carnegie and Dale Carnegie were not related. Dales last name was Carnegay really.
What is a local rea
In boise idaho 900k is what a storage-shed cost lol
Amazing!!!!! Love this so much …. I see you being the next Barbara Corcoran of Real Estate ❤
What happens when renters cannot pay and their are moratoriums for no evictions by government. How do you pay the motgages with no rents?
46 billion was set aside in the cares act to cover missed rent.
Owners keep reserves.
Moratoriums we’re determined to be u constitutional and were dropped everywhere but Los Angeles county.
Screen tenants based on credit score and in a decade I haven’t had one late or missing payment.
What happens if the only way you have to make money is to sell your life one hour at a time and people stop buying?
I'm all for the ego boost of congratulating the kid but there are tremendous advantages to being a kid and having the desire to get into real estate vs an adult
32:25 what is "at the ria?
REIA stands for real estate investment association. Many communities have one.
Next video: how I got 10m in real estate by age 10
My goal for my little girls to be a Real Estate millionnaires by the age of 21 before they have kids and get married.
Jesus!! why are the commercials so damn loud??
I love this interview and hearing how they started from the ground up. I really appreciate that she found a guy whop is on the same page as her. That partner in crime together. Its really hard not having other people to bounce ideas off or team up with. Lots of people are "into" investing but tbh no they aren't, they're into mainstream investing culture. Its not the same thing.
I certainly understand that she was exposed to business owners at home, her BF who works for himself etc but thats not a criticism thats an example of someone who fully took advantage of her environment. Plenty of kids have parents that own a business that does not mean they have the drive or interest in doing it themselves like She does. And you know what I take away from this is the importance of instilling self sufficiency in our children AND finding a partner who can be on your team to build a future with
39:50
-we got an agent....then 2 hours a day we were looking for a deal....then they found a deal and pass it on the the agent....excusme?
What did the agent do for u? Did he get a comission just to tell u it is a good deal founded by u, the couple? Pleaze expound upon as the hosts Missed the major fatal flaw in interview
We only used our real estate agent for the showing and paperwork. I found our first home, the real estate agent was not finding anything we liked so we took it upon ourselves to find exactly what we wanted. We sent her the info and she took care of the rest… definitely a minimal amount of work for a lot of $$$
@@adramjattan this needs some type of disruption, but we r too confy in the Sates with the same process that has been around for 100 years. There has to be a solution, like, giving them a % of the cashflow etc. Tge higher the cashflow....
Tony what you doing in wv
These intros are brutal hahaha 7 mins it starts
Seriously brutal
I almost stopped listening but happened to step out of my car for a few minutes. It had started when I got back in.
I’m giving my son the option of buying two rental properties under market value so that he is able to support his two sons.
I wouldn't have deserved to be financially free at 18. I didn't use my time wisely
$200 in repairs for a duplex they bought for $175k!?? That’s awesome! Also, I’m curious how they went to 900K with 2 properties . So one duplex at 175K then an Airbnb for 725K????I wish this interview was longer
Great story though, hope to hear more!
Probably includes some wild appreciation too. The STR could've been bought for $500k for all we know.
I’m new here and I heard you say “Asset class” a lot what is that?
What type of asset.
Stocks. A business real estate etc.
In real estate asset class can be single family, house with an ADU, small multifamily, multifamily, commercial, storage, mobile home park.
It can also be used to differentiate between class A,B,C or D properties.
If teenagers buy investment properties now, it may be a good time to get out of this altogether :-)
to get into what as an alternative?
@@stefaniadellarovere6488 At the ripe age of 19, it might be beneficial to get to a college. Education never hurt anybody, it helped a lot of people though. In terms of investments, imho, gold will be very attractive over the next couple of years...
In Arkansas you can not own real estate until you are 18.
Can you interview someone that did it all by themselves. No riches to more riches story. Just a normal paycheck to paycheck story. Thanks
Episode 448 on BiggerPockets.
Idk if its my phone or not but the audio and video is definitely not synced. Usually, don't watch visually the whole way anyways though.
No problems on my end. Could be something with the phone.
@@almmason7 Yeah I just realized it wss my bluetooth in the car lol
It’s nice when you’re a 17 year old kid and the biggest setback in your life was COVID 👸
Seriously lol
🤣
How do you get around the fact you're a minor and can't make an enforceable contract?
His accent seems so forced, not to be rude 😕glad it softened out toward later half of the show. But great episode, she’s absolutely killing it!! Great to see her perspective being a minor and finding ways around what would otherwise be barriers to entry!
Who’s Ben ?
How old is he?
@@kimberiysmarketstrategy listening and comprehension is key 🥴
Good podcast. But can you cut the intro and start learning from best practices of podcasts and straight into interview and not 5-10 minutes of random stuff?
This teenager was here in a past life. Ain’t no way 😂😂😂
It's just DADDY'S MONEY! 🙄
She had an advantage MOST don't. SO WHAT! It doesn't take away from her hard work! Nobody's equal different ppl have different advantages. Doesn't mean she didn't earn it! GOOD JOB YOUNG LADY!
Fiancé? 17?
So what I heard from actually listening to her talk is that her parents bought rental properties with there own money and her boyfriend worked his but off flipping couch’s to earn the money for there part he’s also the one that found the cold call so you take her out of the equation and the dad and his future son in law are doing all the work footing all the money using the parents credit not there own they aren’t even old enough to have anything in there names she’s not even doing the management side because it’s too hard for her and her father who is in real estate calls her down when he’s doing her paperwork for his rentals that she calls hers she’s done nothing is doing nothing she’s basically a soiled little rich girl that’s getting everything handed to her by her Dad and his money and the boyfriends hard work with his business and flipping the boyfriend needs to run now because she’s gonna take him to the cleaners as soon as she can legally
Yea idk about this one..raising 20k in 3 months off of couch flipping ? And doing each deal in 30 minutes? There’s a whole lot of discrepancies in her story
30 MINUTES IS HOW LONG IT TOOK THEM TO PICK UP LOAD Unload THE COUCH CLEAN IT SET IT UP FOR SALE..SHE NEVER SAID THEY SALE THE DEAL'S NOR THE COUCHES IN NO 30 MIN
She flipped couches yes--whilst not paying rent or bills. Nice! Easy!
Actually she didn’t do the couch flips at all 🤣 “Ben did the couch flips and I did the real estate stuff” I’m a skeptic by nature and I also own a handful of single family homes. Ain’t no way couch flipping made them $20k in 3 months…. Foh… also Ben’s cold call resulted in the house. 🤣 so much for “I handled the real estate stuff”
Did she say she has a fiancé at 17?! Goodness
Yes, some people see more value in business and understand that marriage to the right person sooner rather than later is more valuable!!! Speaking as a college and grad educated person who was married at 23 years old, and now 19 years later, sees how we made the best decision. 😊❤❤ With a lot of prayer and support, of course, like this young couple's parents, church, family and friends.
Maybe she’s clever enough to realize the absurdity of “exploring herself” for another 17 years.
all these have rich families
Feels like they running out of people to interview so they put this up. We are here to hear from self made not parent paid.
She had a no money in partner deal, stop being ignorant
This video doesn't help the next person. Nothing against her but please push out content that will help others who would like to get started. 53 minute video on how she inherited real estate.
Lolol
At 17 I was homeless with my disabled dad and mom, working just to buy my next meal. I bet she has never worry about her next meal or where she’s gonna rest her head at night.
99% of people don't have her daddy. that's the answer.
Another question that I have is how easy it it for an unemployed 15 yo to get approved for a mortgage financing
This only work for privileged kids