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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
8
Votes
Travis Welsh
  • New Milford, CT
8
Votes |
11
Posts

How can I help you? Connecticut

Travis Welsh
  • New Milford, CT
Posted
I’m 20 with no experience in real estate or REI, I’m looking for someone I can help out. I have a background in carpentry and I’m also very good with people. I could clean/redo units in return for mentor ship. Also if you tell me what you’re looking for deal wise I could look for properties and deals in my free time. I’m saving cash as well as cutting expenses to save for a downpayment for a house to live in and turn into a rental preferably multi family.

Most Popular Reply

User Stats

150
Posts
70
Votes
Mike Abramowitz
  • Investor
  • Somerville, Ma
70
Votes |
150
Posts
Mike Abramowitz
  • Investor
  • Somerville, Ma
Replied

@Travis Welsh Here's my advice for getting started 

-Start off by listening to all the podcasts BiggerPockets has out there. There are 100s of hours of amazing knowledge that will teach you SO much (and you dont have to work for free to hear it all!)

-Attend all the REIA meetings in the area (I shoot for anything less than an hour from me) most a free or a few bucks. Don't hesitate to toss $10 a meeting at first as they'll usually have a speaker and you'll quickly learn which ones are worth going to an which ones aren't. Get out there and get out of the comfort zone speaking to people.

-Decide what you want to do within real estate. Wholesale, flip, long term holds and dive as deep is you can into that. 

-Pull the trigger on the first deal... wholesaling? spend $500 and a day writing and stuff envelopes from a list you bought or have, looking to flip? go get a 203K loan and put down 3.5%, buy and hold? find yourself a triplex that cash flows and pull the trigger with an FHA loan. The confidence and experience you get from your first deal is huge.

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