Setting myself up for success

[Ricardo Juarez]

What’s up BP nation!

I’m a rookie to RE and haven’t got any experience for the time being. I enlisted in the national guard and went in right out of high school. I recently got back from AIT and while I was there I met a women who introduced me to BP , needless to say I’ve been obsessed with RE investing ever since. My question is: what are avenues I can take to better prepare myself for my RE investing journey? My goals with RE are to build a portfolio of multi family properties. I am open to implementing other strategies along the way to get there but multi family buy and hold is my focus.

I’m currently 19 y/o and I don’t have any credit.

Ive applied to multiple credit cards but haven’t gotten pre-approved on any yet. If anyone has tips or suggestions on how I can start building credit feel free to leave them.

I am currently working an overnight job and living only on what I need and saving the rest. I have a bit of money saved from my training that I intend to put towards my investing. I have set up a budget and allocated my money accordingly.

Mostly all of my free time is spent listening to BP podcasts, lurking in the forums, and analyzing deals in my market. Between working to build up a good sized cash reserves,budgeting, and trying to get a line of credit I feel as if there is more I can be doing to better prepare myself.

With access to financials benefits for education (g.i bill) I am considering taking an online course to get my agent license. I am also looking at maybe taking classes at a community college that will be useful for my business later on such as marketing, accounting, property law ect.

Really anything real estate or financial related.

I guess I would ask what worked for you , and what would you recommend for someone in my situation? I know I can be doing more than just listening to podcast and reading forum posts wile I save.

Also I am in the greater Birmingham area if there are any investors that would be interested in meeting and just sitting and discussing real estate.

[Karl McGarvey]

If you just enlisted and you are not yet getting the 5% match from the DoD in your TSP you should be walking to your finance office right now to set this up. Free money! TSP is a vastly underrated tool for retirement that way too many members are passing up on