Don’t know where or how to start (info overload)

[Darius Lemon]

I’m a 20 year old looking to start investing. I’ve always been interested in investing and living on my own terms, since high school I knew I wanted to go down this route but I was very lost. I went to college for about 2.5 years because I thought that would make me successful (I come from a work hard family) and I would figure everything out there. I dropped out because I truly realized that I would not be happy with my life if I continued down that route so I’m now on the journey to seriously learn and start investing. I’ve been listening to various different financial podcasts, tuning in to webinars, seminars, and reading books such as rich dad poor dad. Every webinar and seminar I attend tries to upsell a “higher level” one and I end up hearing the same thing over and over from each one. I just don’t think it makes sense for me to save up so much money for a program when I can save that same amount for a down payment on a property. There’s just so much information, I don’t know where to start. For any experienced investors, what would you recommend? How did you start? What would you tell me to look for if I was searching for prospects for you? 

[Jason Wray]

I would set some goals and a timeline so you can pace yourself and have milestones to accomplish. Start with what you can afford and how much you want to spend. I would also advise getting a pre-approval from a Bank/lender so you know how much you can qualify for based on monthly target payment and DTI. Look into a DPA- down payment assistance for 100% financing or use Fannie Mae 3% down or FHA 3.5% down if your DTI is higher than 43% on the back end.

I also agree with you avoid the seminars and the 10X style courses they are a waste of time and money. I can say this from experience and that its easier to get those answers from the professionals that offer financing and are in real estate. Reach out and connect with Bankers, Real estate agents, wholesales, General contractors, and other investors on bigger pockets. This way you can get free information and the "Correct" answers with no seminar fee's.

Once you know how much you need and where to get the money the rest is not that hard. Having a great agent in your corner or a wholesaler is also wise. The more people you know the better off you will be considering there a lot of great states that offer low cost multifamily rentals that cash flow out of the gate Again all of those things can be found on here with Bigger Pockets!