Novice learning advice

[Drew Simpson]

What is some advice you would give someone just learning this field? I'm 21 years old, student half time, and own/operate a food truck in Sarasota, Florida. A city that is tremendously growing with a bunch of big commercial building getting built as we speak. Sarasota has been growing and l try to convince my family to invest.. I want to own a bunch of properties one day and make passive income from it.. I've read a lot about the BRRR strategy and some others but i'm just a novice. Let's just theoretically say l have $100,000 cash to start out & buy a property or mortgage it. Is this financially enough? Should l just go do it and stop overthinking it? Just learn as l go? Any tips and advice really helps when you may have just started out. Maybe some videos or books l could read?

Thanks, Drew.

[Charles Carillo]

@Drew Simpson

Start with a small multifamily and learn how the business works. I would also suggest to purchase a couple properties yourself before you start investing other people's money.

Also, here are my favorite books:

Multifamily Millions by Dave Lindahl

The ABCs of Real Estate Investing by Ken McElroy

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges

Commercial Real Estate Investing by Dolf De Roos

Trump: The Best Real Estate Advice I Ever Received by Donald Trump

Tax Free Wealth by Tom Wheelwright

Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David Lindahl

Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt Faircloth

The Definitive Guide to Apartment Marketing by Josh Grillo

Investing in Apartment Building by Matthew Martinez

Crushing It in Apartments and Commercial Real Estate by Brian H Murray

The 7 Secrets to Successful Apartment Leasing by Eric Cumley

2 Years to a Million in Real Estate by Matthew Martinez

Burn Zones: Playing Life’s Bad Hands by Jorge Newbery

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael Reinhard

It’s a Whole New Business!: The how-to book of syndicated investment real estate by Gene Trowbridge