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Updated over 1 year ago on . Most recent reply

User Stats

33
Posts
17
Votes
Jack Budd
  • New to Real Estate
  • Whittier, CA
17
Votes |
33
Posts

Recently Graduated College and need some direction to get started

Jack Budd
  • New to Real Estate
  • Whittier, CA
Posted

Hi everyone, my name is Jack and I am looking to join the world of real estate investing. I am located in Whittier, CA, a few miles east of LA. I recently graduated college (BA in Business Admin. with a Finance concentration) and am eager to get started in real estate. I have always had a desire to work in real estate and can't see myself enjoying work that is not in real estate. My real estate interests mostly center around flipping and buy and hold investment properties. I have no school debt and about 20k invested in the stock market. I really want to get started in real estate but am having a difficult time knowing the best way to get started. I was thinking about getting in contact with an investor in my area and offering to help out with any tasks they have for free in exchange for first-hand experience. If anyone has any advice for me I would love to hear it. Also if anyone is in the LA area and wants to connect please don't hesitate to reach out to me :).

Most Popular Reply

User Stats

4
Posts
49
Votes
Paul Tan
49
Votes |
4
Posts
Replied

Congrats Jack! You're definitely on the right track.

You and @Kerry Noble Jr are definitely right with doing an master-apprentice model. You'll learn the most there. But forewarning:

There was one BP podcast I listened to where David Greene said a lot of rookies approach him looking for help but they have nothing to offer.The people he's taken under his wing say "Hey David, I'm good at doing X. Let me do that for you if you've got some time to chat"

But I recommend making sure you have a good RE knowledge baseline! If a high schooler asked you for Stock Market mentorship, how would you feel if the first thing they asked was: "What is a Bull Market? What is Day Trading?" Real Estate agents can be busy so you can have better chances if you come prepared:

- How many homes are considered multifamily

- ARV, LTV, Cash-on-Cash Return

- All the steps for closing on a home


I don't know how well studied you are. I'll give you the benefit of the doubt that you know your basics. But at the very least, keep reading BP Blog Articles, listening to BP Dailies or their main podcast. Heck, go watch This Old House! 

Best thing for your scenario, is to identify what the real estate agent needs. It's not easy to think about what tasks to delegate to other people on the spot. Trust me, I've been there. Maybe you're good photography. Do Flambience Photography for them for free. Or you can approach them with some Deals that you've analyzed and found online. Saving people time with free leads is something anybody likes.


Hit me up if you want to chat more!

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