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Updated about 5 years ago on . Most recent reply
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What else can I be doing?
Hi everyone! I just wanted to see if anyone had any advice for learning more real estate investing more efficiently.
A little backround:
I am 19 and do HVAC as my 40hr/ wk full time job and am a licensed Realtor on the side. I decided I want to work in the investment property side of the industry, as that is why I wanted to jump in the first place. I have only been with a brokerage since October of 2019 and have not had any sales, but also have not been doing very much with it.
I have decided that my first property will be a duplex roughly around my area that I will certainly house hack.
I am really trying to learn this industry and I listen to the BiggerPockets podcast everyday to and from work, read the bigger pockets books/ and am starting to look at properties and figuring out how to analyze them.
I also have recently started going to meetups in my area once in a while in hopes of meeting people who have many cashflowing properties and/ financially free ect.
I just opened a credit card today and have no credit at all, so it may be a while before I could get a loan for the duplex. :(
Is there anything else that I can be doing while saving up for a down payment and learning?
Thank you,
Kyle
Most Popular Reply
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@Kyle Curtin probably the most helpful thing that I did when I was first getting into RE was finding a mentor who had been in the business for 40+ years.
Now I didn't do this by going around asking experienced investors to teach me everything they know for free. At one of the local RE clubs I found an investor who needed help in their business and offered to help them in exchange for a chance to learn. This was one of the most impactful steps I took to getting things moving. I've learned tremendously from his experience and was introduced to a network of investors/developers which has proven useful as well.
Seasoned investors (generally) like to help younger guys/girls who are eager to learn. Just make sure you actually use their advice and take action!
Everything else you're doing is beneficial as well, if you can accelerate your learning by connecting with someone who already has a successful business that would allow you to move forward in leaps & bounds!