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Updated over 1 year ago on . Most recent reply

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Noobie to this scene, looking for guidance and support

Christian Margis
Posted

I am very new to the real estate scene, I am 24 and want to begin my real estate investing journey. I began by getting my real estate license not really knowing what it meant but just knew that I want to get into real estate. That was a couple months ago and I have learned so much valuable information about this industry in that time and learned about the bigger pockets community, and have been listening to the real estate podcast and the rookie podcast pretty much religiously and am in the middle of reading David Green's new book Pillars of wealth which has changed my perspective on a lot of things in my life money wise. After having getting my license, learning that I really do not need it to invest in real estate and knowing that selling houses as an agent is not for me, my father and I have decided to get into the investing side of real estate (he has a background in roofing and renovations). We want to do a BRRRR and are currently saving up for a down payment on a property. This is my first post and am just looking for any guidance I can get. We are located in the Chicagoland area (I'm near Joliet and my father is near Elgin), and I know it is important to provide value, at this point I'm not very sure what I can provide but I would be happy to do what I can to provide value in exchange for even a chance to be taken on shadowing trip to a project someone is working on or getting any guidance I can. I am excited to start this journey to start working toward financial freedom for my future and my family's future!

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Alecia Loveless
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Alecia Loveless
Replied

@Christian Margis Be sure to really vet your deals once you have your down payment money saved up. I looked at a property today that my contractor looked at me with and he gave me some figures and I said that I needed $500 more in rent which turned the project into something else and we quickly decided it wasn’t worth it.

Know your numbers, don’t try to force a deal just to buy something because the correct deal will be just around the corner.

  • Alecia Loveless
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