Young girl wants to become Real Estate Investor

[Account Closed]

Hi, I just turned 17 and started my senior year in high school. I live in Orange County and would like to start flipping homes soon but I don't have a lot of money to start with. My dad said he'll help me since he has been a real estate appraiser for over 25 years, but he told me to educate myself more about the business first. I was just wondering if anyone has some tips on how to get started, and how I should go about it. Also, I would appreciate if there's anyone in Orange County who could possibly help me get started! Thanks!! P.S. Would you say it's harder for a female to become a real estate investor than a male? And can a female make just as much money? I am determined to buy my own black ferrari f12 one day :)

[Joe Homs]

@Account Closed 

Welcome to the community of investors.  It's nice to see young people interested in investing and I agree with your father that you need to learn all you can about it.  I would also hope that you will continue your education and go to college.

Anyone can flip homes.  Its not brain surgery and all you really need to focus on are the fundamentals.  Once you learn that its really about the numbers (hope you like math) then you should prosper.  It all comes down to how much you can buy the home for, how much do you have to spend to fix it up, and how much you can sell it for.

What you need to learn in between all of that is how to get the best deal (usually at the court house steps), how to deal with the contractors you hire and keep the costs down (this is hard sometimes), and how quickly you can turn the property as time is money (especially if you are working with hard money lenders).

The next local Orange County meetup of investors is:

Time of Event: 09/17/2014 at 07:00PM
Location: ROUND TABLE PIZZA, LAKE FOREST
Fee to Attend: Free

Please make sure your parents know that you are attending.

Good luck and never ask if a woman can succeed in this business or any other.  YOU and ONLY you are in control of your life.  You get what you put into it and don't let anyone stop you!  Go Girl!