Why learning Real Estate as a Teenager can be a key for Success.
Learning about real estate and real estate investing as a teen has many incredible benefits and advantages that can help them succeed in college and their careers. It can help teach valuable life lessons about credit, debt, and generational wealth creation. It can also improve skills like critical thinking, communication, risk analysis, and budgeting and eventually help them grow professionally and financially.
While investing in real estate as a teen is highly beneficial, there will be some obstacles that teens might experience. According to an article written by Paul Esajian titled, “Millennial’s Guide to Investing in Real Estate At Young Age,” he breaks down the different challenges a teenager will face as a young investor. These challenges include starting a business, lacking resources, ineffective communication, and self-doubt.
Real estate investing for teens might seem like a daunting task, but with patience, understanding, the right information, and mentorship, there is nothing that will stop them. The best way for teens to overcome these obstacles is to truly educate themselves about real estate and learn the skills needed to become successful.
If your teen is interested in learning more about these skills, I recommend that your teen register for 24/7 Teach’s next “Introduction to Real Estate for Teens Bootcamp.Some of the skills practiced in this boot camp are real estate mathematics and finance, law analysis, sales and marketing, and real estate investing. By the end of this course, your teen will also develop skills such as:
Time management and organization
Time management is a skill used and needed in all areas of life whether in school or at work. Time management is a skill that can help your teen prioritize assignments to ensure that they have enough time available to complete a project. If your teen is interested in a real estate career after completing 24/7 Teach’s introduction to real estate boot camp for teens, time management will definitely be a skill needed. Your teen can use the extra time they have to begin networking and joining networking groups.
Networking at a young age with real estate agents, professionals, brokers, contractors, and other investors will help teens to make money as they get older. With the extra time they have, your teen can prepare a business plan, come up with branding ideas, create a name for their business and so on. The more time invested, the more money teens will make when they reach adulthood.
Communication with clarity and precision
Communication with clarity and precision is an important skill to have and learn. With clear communication, your teen is able to allow others and themselves to understand information more accurately and quickly. Whether it’s during a group project at school or at work, good communication skills can help build trust, strengthen professional relationships, improve teamwork, and help your teen to become more productive.
Online research
Online research skills are essential to have throughout college and your career. Research skills can help your teen gather and analyze information, think critically, and build knowledge. This skill also enables your teen to understand the world around them better.
Social media marketing
Many teens have knowledge of social media and technology. They can use their knowledge of social media and technology to market their property for rent. Social media helps teens to narrow down who they want their audience to be and helps to capture that audience’s attention. A teen’s knowledge of social media and technology can also be used to research properties that are in the area and the returns they can gain from them.
Entrepreneurship
Entrepreneurship will teach your teen essential life skills such as an innovative approach to solving a problem, resolving real-world problems, collaboration and working with a team, and so on.
The skills learned and the successful habits your teen will develop after completing this bootcamp will provide your teen with the confidence they need to approach other investors and real estate professionals. Gaining that confidence and knowledge in this course, can help your teen overcome the feeling of self-doubt and not being taken seriously, as well as provide them with resources to make their investment in real estate a success. Our real estate investment boot camp for teens will teach your teen life, career, and technical skills hands-on, to help them become more marketable, hirable, and college and career-ready.