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Updated over 6 years ago,
Asking advice for a new investor with an ambitious plan
- So I'm decently new to real estate investing but I am very excited to learn the process (to the point where it keeps me up at night) and one day implementing it myself. Just a heads up, I am very serious about using real estate investing as a tool of income for the rest of my life so please take the following questions seriously. A little bit of personal background, I'm a 17 year old senior in high school soon to graduate. I'm thinking about finding a mentor to help me on learning the business of flipping houses for the moment and then another mentor in a few years for renting out property. The reason being is that I have two years of a local community college ahead of me and after those two years I will be moving to California to finish off my degree which means I wouldn't be able to take care of any rental properties in NJ (where I live now). So my idea is that I flip maybe a house or two during my remaining time in NJ and then pursue renting out houses in a few years, what are your thoughts. Of course a question to go along with this is do you think it's possible to learn enough in a years time to be able to begin flipping houses myself. Let's say I were to find a mentor on this subject in the next month and spend the rest of my free time doing diligent research online. Then I would utilize these tools of knowledge over the span of a year which would leave me another year of implementing my new found knowledge and flipping one or two houses depending on how long the first one takes. The time I would be using to get these things done is my extra time outside of my studies which can be more time than you think. Feel free to leave any thoughts, I am open to all advice.
Thanks.