A real estate mogul under 30? Believe it or not, Jacky He started a real estate investment company on Wall Street at 21 years old. He faced a long process that had a lot of growth, and he worked alone his entire first year. He’s now in his eighth year as a CEO. After his experience, he has advice for young generations about real estate investment. We caught up with him on Bold TV to ask him about his advice to young generations about real estate investment and how he was able to build such an impressive empire in his early 20s.
Advice for future real estate moguls under 30
Real estate investing sounds kind of challenging to get into if you’re not on Wall Street or retired. But there are a lot of ways for young people to invest, even investing in property without outright owning property. Investing in a REIT (Real Estate Investment Trust) carries a much lower risk than owning a home. With REITs you’re actually putting money into 10 to 30 properties at the same time, so all your money isn’t banking on one property.
How He became a CEO at 21
How do we cultivate more real estate moguls under 30 on Wall Street? Teach them to focus. He says that people may look down on you until you show them you know what you’re doing. But proficiency leads to being treated seriously. Also, young people waste too much time making decisions. Choosing a career path can lead to a lot of struggle over wanting to make the right decision. Analysis paralysis is a real thing! He says that action is more important than stalling and thinking. Everyone is waiting for the perfect opportunity, but they don’t realize that hard work likely leads to success.
For more advice, check out the video! And don’t leave without tapping into Bold’s resident real estate guru, Philip Michael. In his Ask Philip segments, he’s covered everything!
This 2020 post has been revamped and updated for accuracy and comprehensiveness.
