Beginning Real Estate Investing

[Austin Macon]

Hey Guys my name is Austin and Real Estate Investing is my dream ! I'm 18 years old and am extraordinarally eager to learn and gather any and all knowledge offered to me ! Being successful is my Goal and I will strive all day and all night until that is a reality! Financially im broke I finished HS this year and don't plan on going to college I want to focus on Real Estate, but starting out may be challenging because of my financial situation. I'm willing to work for investors learn under your wing be an assistant anything to get me started! so with that being said I want all your advice anyone who offers it I welcome it ! Please how should I get started? How should I go about it? Thank you for listening! Appreciate it!

[Kenneth Noronha]

Hey Austin, I'm kind of in the same position as you. I graduated in June and started to seriously learn about real estate in October. I've learned quite a bit, but there's a lot of my time being spend on studies since I'm in university. Honestly just start reading about anything real estate related. I'm a slow reader so I haven't read many books due to the lack of time, but it's definitely one of he things you should do (I recommend Rich Dad Poor Dad as a first read; it totally change my perspective). 

Also I try to listen to BP podcasts any time I can. If I'm going somewhere off campus or doing some practice questions, I listen to the podcast. Just start listening to random ones or ones that sound interesting to you. I'm sure you'll pick up on some topics/ideas that you can research yourself.

I HIGHLY suggest you do the bigger pockets free course. I just finished it and now I'm eager to reach the end of exam season because there's a lot of stuff that's skimmed over that you can research. I was kind of lost and was always looking for something like this course that could lead me to things I can specifically research.

Also do a quick research on what the different types of investing in real estate are and see which ones you could use to reach your goals. Stating your general life goals also needs some time to itself because even though I don't have the experience, I've constantly heard other investors in the podcasts and forums telling you to list out specific goals and objectives. Only by doing this will you find out what you want to do in real estate and how you're going to get there.

[Michael Evans]

Learn the roles that are involved in a real estate transaction (there's about 20 of them). Then start with the one that require the least amount of money (bird dogging). Once you get some deals under your belt, move to next role (wholesaling) and so forth. As you move through each role, save your money so you can ultimately play the role of lender, where the real money. You want to trade paper, not houses.

[Gonz Trevino]

My recommendation right now is to increase the value of your human capital. Do this in these two main ways.

1- increase your knowledge

2- increase your earning potential and then concentrate on acquiring savings and good credit for investing.

For number 1 you're going to want to watch bigger pockets podcasts on YouTube, read great books like Millionaire Real Estate Investor, Hold, The One Thing, Think & Grow Rich, etc. Keep learning more and more always!

For number 2 you're going to want to do a lot of research and find a job or career path for you. You can be an entrepreneur and use apps like Uber / Lyft and Favor (if it's in your area) to make money while you find something bigger and better. Look into trade school too. The average person that graduates from trade school makes about as much as a person with a masters degree I believe and it takes 6-9 months instead of 6-8 years and is way less expensive.

A lot of those trade skills are applicable later as a real estate investor so you may consider looking into plumbing, electrician, welding, etc. Those skills will make you good money while also helping you greatly during your future real estate investing goals.

Good luck!