Looking for guidance in making first steps in my real estate journey.

[Ayden Bourne]

Hello all my name is Ayden Bourne, I am 22 years old and sell insurance for a living. I have been growing my credit since I was 18 so I have established credit, I have an LLC, and a decent amount of knowledge on real estate. I am looking to make my first steps in getting into the industry. I am somewhat overwhelmed as to where to start so I am glad to be apart of a community full of people who had startup stories similar to mine and also very different in their own way. I am in the right place to grow my knowledge on the industry and learn how to apply this knowledge to start making money and gaining equity through real estate.

I am most interested in learning about wholesaling, BRRR method, and grants/DPA programs to buy properties whether I must live in it or not.

[Steve Daddeo]

Welcome to the community, Ayden! At 22, you're far ahead of the game with established credit, a business, and an expanding body of expertise. That's a solid basis, particularly in this industry where momentum and thinking are crucial.

Given your interest in grants/DPA programs, wholesale, and BRRRR, here's how I would approach getting started:

A. Wholesaling: With little to no down payment, this is a fantastic option to invest in real estate. Finding interested sellers and assigning contracts is the key. I would advise to learn how to locate deals by cold phoning, driving for money, networking with weary landlords, and other strategies. Check up the wholesale laws in your state; some may call for a license or other disclosures. Use Facebook groups or meetups to network and create a modest cash buyers list.

B. BRRRR Method: This effective strategy for developing a rental portfolio with less capital tied up and is ideal if you're willing to hold onto your home for an extended period of time. Learn about local lenders that offer cash-out refinances based on after-repair value, or ARV. Concentrate on developing your ability to assess offers using both rental income and rehabilitation expenses.

C. Grants and DPA Programs: If you're willing to live in the property for a year, these can be game-changers for first-time buyers. Examine state and municipal DPA programs (many offer grants or forgiven loans), FHA loans, and NACA. Speak with a mortgage broker who focuses on helping first-time and investor purchasers; they will be aware of what options are available in your area.

The best piece of advice is to avoid trying to master everything at once. Pick a path and follow it closely. Your confidence will quickly increase and everything will become clearer when your first deal is completed. I'm happy for you. Continue to ask questions, and if you would like to discuss a deal or strategy, don't hesitate to message me. Without a doubt, you're in the proper place.