Howdy Students,
I am a fellow Aggie that has graduated, and sometimes (often) finds myself back in Aggieland because I just can’t seem to stay away. However, when I spent my 5 years in Aggieland going to school and paying for the education there were a few tricks that I learned. One of the tricks I learned was how to stretch a dollar, and make it last.
For everything posted on this website, I promise to make sure that it is quality information. I also promise that anything posted on this site needs to have been personally performed by me, one of my writers, or another student. I will also provide proof of payment of that a method actually works when posted so you guys can see.
Ever since I was a kid I was looking for ways to save money, then as I got older I decided that I should look for ways to make money too. I was lucky enough to have a mentor that steered me in the right direction by teaching me about his business, and various investment strategies. That with the wonderful information I received from Texas A&M have allowed me to invest at an early age.
At a later date, I will write what I did through my college years to end up with the portfolio of investments that I have.
EDIT: Today is that later date: 2 Oct, 2016.
When I was in High School my business mentor informed me about real estate investing and took me under his wing; he showed me all his accounting, how taxes work, and what strategies to use. After some time it dawned on me that its not that hard to do what he was doing. So I started.
His strategy was buying investment properties and renting them out to make a conservative 10% a year, on his money. I say “conservative” because I worked the numbers on a couple properties that I was interested in and found that I could make 20%. This took time of course, I looked for properties that were below market value, and put in a little time and hard work to make them look nice, then rent them out.
Of course I didn’t have the money to purchase a house outright, so I had to look for financing. I thought about a bank, but no one is going to finance a loan to a high-schooler with a job paid in cash. So I kept looking around. About a year later I talked with my parents and they had, a wonderfully supporting approach to working with me. (they have known me all my life). So they helped me finance my first investment property.
After about 3-4 years, I was able to pay off the almost entirely from the money I was collecting with rent. I was accelerating payments because they gave me such a good interest rate. The next summer I was working at an internship, where they was good documented pay in the form of a w-2. (I’ll talk more about forms of payment another time as that is important). So I thought that I could easily be considered for a traditional loan offer from a bank, and I was right. It took some time and a lot of different banks, until I found one that would work with me.
They worked with me, and because the investment property at the last location worked so well, I purchased another investment property at the same place. This allowed for the same marketing material to be used, and I could more efficiently handle the overflow.
I have more investments that I will talk about at a later date as well:
Crypto Currencies, Arbitrage, and Passive investments.