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Updated almost 3 years ago on . Most recent reply

User Stats

3
Posts
3
Votes
Cj B.
3
Votes |
3
Posts

Looking to invest, eager but worried I'm rushing.

Cj B.
Posted

I am 20 years old and Currently working at a development company, mostly clean and help out where needed. The goal from day one is to learn how to invest on my own eventually, I can feel myself getting impatient and trying to learn on my own reading books talking with mentors, and trying to learn how to analyze a property to assure it's a good investment and or how to find a reasonable investment, especially in this market. I have 37k saved up and am eager to start as I feel at this point learning by doing it would be the best route. I do not want to make a bad investment decision or rush the process. If anyone has any advice or thinks waiting and just continuing to learn is best or jumping in. Any advice is the best advice for me and or any resources anyone has to share would be very helpful. Thanks for your time in advance.

Most Popular Reply

User Stats

28
Posts
19
Votes
Drew Berman
  • Rental Property Investor
  • Jericho, VT
19
Votes |
28
Posts
Drew Berman
  • Rental Property Investor
  • Jericho, VT
Replied

Hey CJ sounds like your on the right track. In my opinion the first deal is pretty important and in my experience the hardest to acquire. After that first deal you learn the process and will naturally have more experience and become more comfortable. I spent a great deal of time educating myself and buying used books on eBay. I think these used books are really the best investment I ever made. I analyzed ALOT of deals to understand my market, and I made sure I had reasonable reserves. If you know what your looking for / have the capital & reserves / find the right deal then go for it!   In your position sounds like your job may expose you to potential partners with more experience. It may be advantageous to partner with someone who can guide you through your first deal.  

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