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21
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6
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Tasha Beal
  • Virtual Assistant
  • Austin, TX
6
Votes |
21
Posts

21 year old interested in getting started

Tasha Beal
  • Virtual Assistant
  • Austin, TX
Posted

Hello! I am new to BP and it has really sparked my interest in real estate investing - I like the idea of both flipping and buy and hold and see the pros/cons to both. However, I am a 21 year old, full time college student, with little experience. After reading many of the blog posts and forums, I understand the process of finding and analyzing a good deal. I came across some big questions though regarding the process after closing a property.

For flipping - If I were to find a good deal and close on a property, I think I would be stuck afterwards. I don't know any contractors or anything about construction, so would I just have to reach out to contractors in the area? It seems very daunting going into it with 0 house construction/flipping experience. How do people do this without previous experience?

For buy & hold - How would I find tenants? If something breaks, I'm assuming I would need a contact handy to help fix the issue? Also, I wouldn't want to manage the property all by myself, but a small property wouldn't warrant property management. Is the only real option for me to be a landlord?

Thanks for reading this long forum, sorry for so many questions. As you can tell, I have a lot of logistical questions about the every day running of a property. I'd love to hear anything you all have to say!

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