Hello, Just starting out and have a few questions about real estate investing

[Corbyn R Tower]

A little about me, I currently live in Meridian, ID. I'm 25 Years old. I started by listening to rich dad poor dad books. I've bought every book from Robert Kiyosaki 2 years ago and recently found Ken McElroy about a year ago. By this time, I became so hungry for learning real estate investing. I feel like I've none stop taken information in from as many resources I could find about real estate. It's been a new found passion. My dad taught me decent financials growing up and I'm the only one in my family who hasn't made a financially poor decision(some sort of bad debt or bankruptcy.) I have a stable job, with a place to live and a way to get to work. My dad made what I thought was good money $35 hourly throughout his entire career, and what inspired my journey is learning that my dads really good stable job no longer supported him through his new illness. This has been unsettling and learning this has hit me deep. It has become my main motivator for learning so much about real estate investing the last 1-2 years.

Where I'm at now is I feel like I'm missing out on other stuff I could be doing to achieve my goals. I currently started an LLC and moved some savings over, and now i am currently funding it from my full time job and side gigs but I have some questions. I've considered dropping everything that I'm doing and starting fresh in a new job that will help me learn more. The goal is to achieve a enough money to become full time REI and continue to buy properties in the north west for long term renting.

1. Am I missing out on other steps or opportunities that could help me achieve my real estate goals?
2. Should I be in a different profession or learning directly from a mentor?
3. Is what I’m currently doing; funding my LLC through my full-time job and side gigs the right approach?
4. Is there any recommended material I can absorb to help me achieve my goals?

I appreciate your time and any advice. thank you

[Nathan Gesner]

Quote from @Corbyn R Tower:

You are missing the most important piece: owning real estate.

Stop learning from books and start learning by taking action. Talk to a lender immediately and see what you can qualify for. Buy a house hack. Add roommates and learn how to manage it. When the lender allows, buy another and move into it. Rinse and repeat.

Read Set for Life by Scott Trench or The Househack Strategy from Craig Curelop. You can knock both those books out in a month, then start looking for a property.

[Corbyn R Tower]

Quote from @Nathan Gesner:

Quote from @Corbyn R Tower:

You are missing the most important piece: owning real estate.

Stop learning from books and start learning by taking action. Talk to a lender immediately and see what you can qualify for. Buy a house hack. Add roommates and learn how to manage it. When the lender allows, buy another and move into it. Rinse and repeat.

Read Set for Life by Scott Trench or The Househack Strategy from Craig Curelop. You can knock both those books out in a month, then start looking for a property.

Thank you for the advice! I’ve been focused on continuous education rather than taking action, but you’re right.. actually doing it will provide better experience and knowledge. I’ll start looking into house hacking and talk to a lender to find out where I can begin.

[Alecia Loveless]

@Corbyn R Tower In terms of obtaining a conventional mortgage for REI you will likely not be able to do so under your LLC. Most, if not all types of conventional mortgages require the loan to be under your personal name.

Lenders may or may not let you transfer the title over after your purchase.

Typically when starting out with a low net worth this is not a problem. You just get good insurance and possibly and umbrella policy for added liability coverage.

[Jonathan Greene]

You have the right motivation, but the wrong direction. What you are doing with the LLC doesn't make much sense to me since you won't be able to buy in that LLC unless you have cash or are using a DSCR loan. You need to go to local real estate investor meetups and meet other young investors who have taken action so you can remove your roadblock. Some people overlearn because they don't have to act and that changes when your confidence increases by seeing people just like yourself making sound investments.

[Wale Lawal]

@Corbyn R Tower

Real estate investing is a rewarding journey that requires starting with smaller deals, house hacking, creative financing, and the BRRRR strategy. Networking with local and online communities can lead to partnerships and mentorship. Switching professions can accelerate growth, especially if your current job supports financial stability. Funding your LLC through full-time jobs and side gigs is a solid approach. Diversifying income can speed up capital building but should not overextend. Learning about real estate investing can be found in books, podcasts, online courses, and relationships with investors, lenders, contractors, and mentors.

Good luck!

[Aj York]

Hey Corbyn all good stuff. As a Meridian resident and investor I believe you need to look at co-living - Buy a house, add bedrooms or get your first one with 5. Rent out by the room. In our market this the best way to get cash flow and get moving. Don't need the LLC, buy it as a primary move in for 5% or less. Start your journey. Become an expert on co living - guys last name is Wegert but he has been on BP.

Maybe join a real estate group like Unexpected Investor and get wisdom from other investors and most importantly like Nathan said take action. 

[Jordan D'Silva]

You’re on the right track, I can tell you that. It sounds like your motivation is strong, and you have the right mindset. One suggestion would be to network with local investors or consider working under a mentor for hands-on experience—sometimes learning by doing accelerates growth more than research alone. Just make sure you find where you can add the most value to others who you want to provide mentorship. Let me know if you want to connect—I’m always willing to share my knowledge.