22 years Old and Looking for Help

[Logan Freismuth]

Hello, I am on Bigger Pockets today because I have decided Real Estate Investing is what Im trying to do with my life. I'm not positive the direction I will take but am continuously thinking of how I am going to break into the Real Estate investing market. I feel like I can learn the most here because when I tell people about my aspirations they always say I can't do it, but many of you know that is not true. I Am 22 years old, just graduated from college and will start a finance job in Chicago within the next few months. So I guess I have a few questions for the community today (along with some of my big ideas)

What is the quickest way for me to break into Real Estate investing? (I am currently thinking about trying to get a large FHA loan to start my journey)

How can I make sure I get the loan? (I'm 22 years old with a great credit score and secure job but once again am just starting as a professional)

How can I go big quicker? (so far I am thinking about trying to find seller financing that will allow me to go big quickly, or finding investors to believe in me)

How do I get these investors to believe in me as a newbie? (I spend every waking minute of my free time educating myself already)

I thank everyone in advance for taking time to read this and appreciate any help that I receive.

[Brandon Rush]

Hey Logan,

I envy you for finding this REI bug early in life! Getting started, my suggestion would be to surround yourself immediately with those already succeeding in the real estate game. You are the average of the 5 people you hang around the most.

Don't get discouraged by those who doubt you, you will get that a lot, especially starting out. First they will laugh at you, then they will later applaud you. Again, stay away from those who do not understand or care to understand.

Personally, I would say your best point of entry will be a house hack, especially at such a young age. A house hack will bring you multiple benefits such as owning an investment property, allowing for a first time homebuyer program, learning to deal with tenants, and allowing you to decrease your living expenses. 

Lastly when it comes to lenders, my suggesting would be to start attending meetups in your local area ASAP. You will either find lenders there or people who can refer you to one. Be honest and tell them you are a new real estate investor looking to obtain your first property and you are looking for a lender who can help someone in your situation.

Stay persistent and never give up, because if you do, what is the alternative...

Good luck and reach out if you have any questions. You got this!