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Updated 7 months ago on . Most recent reply

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No Cash, No assets, No experience. and in need of Experience and Knowledge

Posted

I am currently 21 years old, and have recently begun to get into what it would look like to invest in real estate. My dad is a long time investor and I've picked a few things up from him, but the majority of my knowledge has come from consuming mass amounts of books, podcasts, and reading the forums here on BiggerPockets. 

I'm currently a senior in college and am on track to graduate with a bachelors in facility management this upcoming spring. I've worked multiple internship jobs over my college career and feel very confident I could land well paying 9-5 as soon as I graduate. 

But...

The idea of creating a real estate portfolio seems better in every way. 

I thought it would be best to gain experience, instead of picking up a job in facilities. Any ideas of where I could look into getting a gig? I thought about potentially...

- Shadowing another investor in my area

- looking for openings in real estate management companies, or offering my help

Or..

I could take my facilities job for the time being and save for an investment further down the road

I want to begin my investing as soon as I can but feel the opportunities that are available to me are a little limited due to my lack of experience and cash. Any advice would be helpful!

Thanks!

Most Popular Reply

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Joe Homs
  • Flipper
  • Mission Viejo, CA
1,112
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Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Carson Vanderhoff I don't know where you live or are going to school, but you are only limited by what your mind is telling you.

Speaking like your dad would, finish college, get a 9-5 job to start and focus on what kind of real estate you want to do.  You can have a job and a real estate career as well.  Your job, once you start real estate, is to replace your 9-5 job as soon as possible if that makes you happy.

Money should not be an issue, if you know what you are doing.  Find a property that the seller is willing to finance for you, take a mortgage over subject to, find some investors willing to put the money up on a great deal.

I am confidant that you will figure it out.  Your dad is there to help with lots of knowledge, just ask him.  If not reach out.

Good Investing... 

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