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Updated 7 months ago on . Most recent reply

User Stats

9
Posts
2
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Kenneth Lewis
  • New to Real Estate
  • Florida
2
Votes |
9
Posts

21 year old How to start the REI journey?

Kenneth Lewis
  • New to Real Estate
  • Florida
Posted

My name is Kenny and i'm 21 years old. I've always been a money-knowledgeable young man; credit (760 score), stocks, roth ira, 401k, etc. My next goal is to get my first rental property before i turn 24. I just started watched a lot of videos on BRRRR, house hacking, and whatnot on Bigger Pockets. I personally do not have the funds to put a down payment worth 25%, but i do have family that may be able to help me if i can actually find a deal and can explain it to them if it makes sense (my mother mostly likely and my grandmother!) I am really driven to get properties, but just figuring out the market i can target. I go to school in Orlando and my mother lives in Fort Lauderdale, which i think are really good areas to invest I THINK. Mind you, my mother has never had a house yet, so when she does get one, it can maybe be a duplex or whatnot (just a thought). What are the steps for me to get in real estate investing?

Most Popular Reply

User Stats

9
Posts
2
Votes
Kenneth Lewis
  • New to Real Estate
  • Florida
2
Votes |
9
Posts
Kenneth Lewis
  • New to Real Estate
  • Florida
Replied
Quote from @Wale Lawal:

@Kenneth Lewis

To start in real estate, first learn all you can. Next, pick your plan for investing. Look at local and out-of-state markets. Think about ways to finance it. Meet and talk with real estate agents. Check out deals closely. Then, go ahead and bid on a property. After buying, manage the property. To grow, keep buying more and use the money and worth you gain to reach your dream of having rental properties. Keep up with new info and stay focused on owning rental properties.

Good luck!

Thank you for your advice Wale! I’m in the learning stage right now. More soon to come 📈

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