, Connecticut (PressExposure) October 24, 2008 -- You may be asking how this is possible, right? Well, their secret involved real estate. These two kids are Ryan Dehler and Brian Ducharme from Connecticut. They saw big opportunity in real estate investing after attending local real estate investment clubs and researching "no money down" investment strategies. They understood that getting started in such a business with almost no money to their names would be a challenge but it was definitely possible. It seems to have worked in their favor. Their first year in business, they jointly earned a staggering $200,000 income. Not bad for a couple kids I might say.
Although present day is now five year's later, these 23 year old investors are continuing to grow a lucrative business. Here is one of their personal stories:
"It all started when I was working at a sporting goods store right out of high school. I was working for eight dollars per hour and no guidance or future to look forward to. After thinking about how poor the quality of my job was I decided to go to the book store across the street on my lunch break. Browsing around the business section I stumbled upon a couple of real estate books that caught my eye. I sat down with one of them and started reading. I was immediately fascinated by the different types of strategies associated with investing with "no money down"." "After learning a bit about getting started I knew it was something I could do, in fact, something anybody could do. After reading the remaining of the book a week later I went into work at the sporting goods store with a big smile on my face. I bet you can't guess why? I walked in that day and made sure it would be the last time I ever stepped foot into that place. I quit right there on the spot and decided I was going to start a career in real estate investing." "For the next three months I would spend eight hours a day staying up until four a.m. studying and researching real estate investing. I searched the internet and read every book I could find to gain more knowledge but I knew the only way to really learn was going to be to jump in and start trying."
They closed their first deal at the age of eighteen years old for a profit of twenty two thousand dollars. The second deal produced a profit of thirty nine thousand dollars. These properties were flipped using a variety of investing strategies. As the year came to a close, their first year in business proved to be an instant success with each of them earning a substantial salary.
"It was a pretty big lifestyle change for me. I went from earning less than ten dollars per hour to earning a one hundred thousand dollar income. It was an inspiring moment for me that's for sure." - Ryan Dehler