I am 18 and ready to learn as much as possible. I am looking for suggestions from more experienced businessmen, real estate investors. What are some key skills and tips you suggest I can learn now since I am young that will benefit me for the rest of my days. Skills that you found game changing in your life. It can be anything, I am open minded to learn a little about a lot right now since I got the time. Also, some key tips or routines that you found beneficial to your life. Like I said, it can be anything. I want to be successful.
Congrats on your eagerness to learn. I work in the tax world and am currently working on gaining more knowledge in the real estate world. A few items you may consider as you're researching:
*Look around you at school. You'd be amazed as you grow older how many times your path will cross with those surrounding you today. So much so that it is worth your time to establish relationships with everyone possible. You'll never know which one of those folks will become the next lender, CPA, attorney, contractor, real estate agent, etc. You begin to build your network today and it will reward you many times over when you finally begin your professional career.
*Networking - begin researching business associations in your area that you'd be interested in joining. Most cities have a version of a young professional group that you can tap into and begin to get an understanding of how building business relationships will create referrals for you in the future.
*Develop business social media accounts and be active on Twitter, LinkedIn, BiggerPockets, etc. You can connect with folks as well as follow businesses that peak your interest. The more articles you read from following these businesses the quicker you pickup on the terminology.
*If you have downtime consider walking/riding through your neighborhood and get familiar with the type of homes there. Consider the condition they are in and how you might change them to be more appealing if any are in bad shape. You could also pick out other areas in your town to frequent and follow the same scenario of looking just to get an idea of how different parts of your town are built.
*Volunteer. You can volunteer at a local cafeteria helping out the less fortunate or any other method. It will help you appreciate what you have and remind you there are always folks who need assistance.
Good luck in getting our professional career off and running.
Thank you very much sir, I appreciate you taking the time out of your day to give me some feedback. I'm going to keep working and listening to what you said.
@Israel Gabriel Martinez Congrats and good luck in your future real estate business first off! You are at an amazing age to start. I’m only 24 and I can’t stress enough how much I wish I got started at 18 out of high school. Where are you located if you don’t mind me asking?
Also what things interest you? Flipping, wholesaling, buy and hold (rentals), becoming an agent, etc.?
Some options to give you an idea of how you can start now is get in touch with experienced investors in your area and get mentorship. Don’t do this by just going and asking them to mentor you. Go find a potential deal and bring it to a wholesaler or flipper, tell them you found a deal and you would like to give them the lead for free in exchange for the opportunity to work with them through every process of the deal and learn what to do. Or find a real estate agent or a landlord with multiple rentals and offer to work for them for free in exchange for the opportunity to learn about the business and gain experience. Most experienced investors would love to help you out if they are able to.
Thank you very much, David. I appreciate your advice very much, and I am located in Dallas, Texas. My interest right now in real estate is just learning as much as possible about as much as possible. I haven't done any deals so I can't say I have a preference in niches or strategies. I am just in love with all the benefits and potential real estate can provide for you if you put in the work.