Obtaining a first deal

[Elijah Quinones]

Hi! I’m Elijah, I’ve been interested in real estate and investing ever since I was introduced to it at 13 years old. I’m currently 17 and will get my real estate license as soon as I hit 18. I would love any advice when it comes to obtaining my first small deal! 

How did you find your first deal? Is there anything you would change? How do you prove a deal is profitable to a co-signer?

Thank y’all so much I hope you have a great day!

[Rao B.]

Quote from @Elijah Quinones:

Hi! I’m Elijah, I’ve been interested in real estate and investing ever since I was introduced to it at 13 years old. I’m currently 17 and will get my real estate license as soon as I hit 18. I would love any advice when it comes to obtaining my first small deal! 

How did you find your first deal? Is there anything you would change? How do you prove a deal is profitable to a co-signer?

Thank y’all so much I hope you have a great day!

I wish I started thinking like you when I was 17. To answer the question how do you convince co-signer.

1. Understand different options we have in RE market 
2. Which specific area you thoughts are inclined .. simply saying define your Buy Box 
3. Learn by reading books and watching BP / similar videos
4. Find a mentor 
5. Understand how much you / co signer can invest with out risking a lot
6. Setup alerts in MLS and watch your buy box daily
7. Put deal on paper with help of mentor buy discussing pro cons and possible cash flow
8. Present it co-signer by explaining out come of above discussion 
9. Prepare exit strategy.

10. Walk through every step and make sure they are comfortable

By following these steps it may take a year or 2 to become expert in your market for you to start investing