Downturn Forces College Students to Invest
Below is a MRR and PLR article in category Finance -> subcategory Investing.
College Students Turn to Investing Amid Economic Downturn
In response to economic challenges, more young adults are increasingly investing to support their aging parents and secure their retirement.
Two young individuals, Kevin Amolsch and Stephanie Jorgensen from Denver, Colorado, exemplify this trend. Balancing full-time jobs at a bank with college studies, they began to worry about their financial futures.
"Our parents didn’t have retirement savings and worked constantly," Jorgensen explained. "We wanted a different future, and importantly, to care for our parents as they did for us."
Despite being in their early 20s, Amolsch and Jorgensen ventured into the complex world of real estate investment. They researched extensively online and consulted books, seeking properties that had lingered on the market.
Their journey revealed that most homes were not ideal for investors, as sellers typically demanded full price. However, Amolsch and Jorgensen were keen on negotiating better deals.
Investors often find success with sellers looking to close deals quickly but who aren’t in immediate need of funds. This includes landlords tired of managing tenants or sellers who have relocated and purchased new homes.
Amolsch and Jorgensen spoke with over 100 sellers before finding one willing to negotiate. Within a year, they acquired two properties.
"If two college students living on ramen can do this, anyone can," Amolsch remarked.
You can find the original non-AI version of this article here: Downturn Forces College Students to Invest.
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