Starting Off & Finding a Mentor

[Ryan Cullen]

Hi all, I was just wondering how a young individual can begin to get involved within the real estate world. I want some hands on experience, but don't have an abundance of money so I am unsure how to properly go about learning residential real estate strategies and such. I am wondering if anyone has some advice regarding how I should go about this or if there are any mentors out there who would be willing to help me. Thanks in advance!

[Jason Raynor]

Depending on how young you are, (I'm 16) you may have to wait to be old enough to buy and sign deals, consider learning as much on your own. 

1. Read Rich Dad, Poor Dad, then shop the wide range of books on BP. I suggest starting with "How to Invest into Real Estate" by Joshua Dorkin & Brandon Turner.

2. Find and attend meetups or REIA meetings in your area. (if none consider a podcast weekly)

3. Find a good steady job and stack cash. 

4.Learn how cash-flow works and begin to build a chart on your finances. 

5. Figure out how to lower your spending rate as much as possible, stack until you are able to buy your first deal (look for deals even if you can't buy, it's good practice.) 

6. If you're a minor, ask your parents or someone (of age) to make you an authorized user on their credit card so you can begin to build credit.

After you start getting your feet wet you'll find your path, everyone's different and there is no right or wrong way so good luck.