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Updated over 5 years ago on . Most recent reply

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Brandon Padgett
  • Fort Rucker, AL
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Looking for greatly appreciated advice!

Brandon Padgett
  • Fort Rucker, AL
Posted

Hey thanks for clicking on this post, now to the jist of things!

I’m going to school as a freshman in college and have a degree plan for business. I don’t have a lot going on for me right now but that’s where the importance of knowledge and experience come into play.

This is an outlet full of experts on the subject of real estate and other accompanying fields right here who are perfect to get some advice from. What I would love to know from you inspiring individuals is your suggestion on the best way to increase my skill and more importantly knowledge on the reality of real estate. I have heard good things about property management and how it can benefit prospective investors. I love working with my hands and socializing is one of my strong suits.

I’m a freshman in college going for a degree in business and in the meantime want to study up what I can about real estate. My intentions are to eventually get into flipping for quicker profit and then reinvesting into student and other residential rentals. I think a lot about branching out further than that, but that’s way out. The fact is that a very few portion of people make it in this business and everyone comes in gung-ho thinking they are the next to make it big. All I want is to grow my ability and knowledge. I want the best methods in which to do that so I’ll have better footing when I make that leap.

Thanks for those paying attention to this post with high regards,

Brandon Duckworth

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Cameron Tope
  • Property Manager
  • Katy, TX
1,384
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Cameron Tope
  • Property Manager
  • Katy, TX
Replied

@Brandon Padgett I was in your shoes not too long ago. 

Start with your goals and work backwards. You don't have to have your whole life planned out but at least have some direction to give you clarity for making decisions. 

You can always change your goals if you decide you like another business or aspect of the business. 

Experiment, develop skills and seek mentorship. All that with a little hard work and you can't help but be successful. 

Best of luck!

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Emerson Property Management
4.5 stars
188 Reviews

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John Wijtenburg
  • Investor
  • Fort Lauderdale, FL
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John Wijtenburg
  • Investor
  • Fort Lauderdale, FL
Replied

Great advice from @Cameron Tope! Too many people want to jump to chapter 20 before they even read page one. Focus on incremental progress toward a clear vision.

Sounds like you have the social inclination part covered, and you have lots of time being a student. So... for tactical advice, I would add that you should focus on building relationships.

  1. Connect with deal sources - brokers, owners, and influential third-parties - and build fruitful relationships
  2. Create a system to efficiently evaluate every deal you come across
  3. Find a mentors on BP or in your area that can give you advice along the way
  4. Build routines and habits help you stay consistent with your prospecting

Don't worry too much about your investing strategy, right now. You'll find a niche as you get to know more people in the business.

Relationships are the foundation of any sustainable real estate business. Start building your network today, and you'll be amazed at the opportunities you have by the time you graduate.

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