Essential Advice for College Student New Investor

[Patrick Anderson]

Hi there,

My name is Patrick Anderson, and I am just now getting into real estate investing. I have listened to several Bigger Pockets podcasts, and I am about 20% into my real estate license course.

As many of you might understand, this is all very daunting for me. However I believe that with the right attitude and with the right information, I will be able to develop the skills I need in order to successfully invest in real estate for the purpose of renting for passive income and for flipping houses.

My question is this: "What is the advice that you would give someone just getting into real estate in order for them to hit the ground running by the time they make their first actual investment?"

I know each piece of advice might suit each individual depending on their personality, background, etc., but I am very much looking forward to reading your thoughts on the matter. I am saving up 15k, partnering up with my good friend who is also saving up 15k, and hoping to invest in a property with him in as early as a year or so. I want to make sure I don't do anything stupid or naïve before I make a big decision like this coming out of college.