Any advice for a 23 years old, that just started?

Question

Hi my name is Christopher,

I'm a 23 years old cuban boy that came to USA 5 years ago. I've always wanted to be an Investor, I got my Real Estate License like a year ago, & I've been educating my self all this time. I feel ready to start, but I've some doubts, I don't know exactly why, maybe is just some feeling that every other investor had before making the first shot.

Chris Stroup · Answer

The hardest and most important step is the first one.  Do your homework like @Joe Aiola said.  When you are confident in your numbers it is much easier to purchase and feel good about your decision.  I also recommend getting a partner or two.  I have four people in my partnership and it is great.  Each person specializes in one aspect.  Being able to bounce ideas and review numbers with each other is worth so much.  I would not be able to scale as quickly as we are by myself no matter how much money I have.

I'm also a Realtor and work with investor clients.  Helping them with transactions has helped me learn faster and be more comfortable buying my own properties.  I have only sold a few houses to people as a primary residence, all the rest have been working with investors.

Joe Aiola · Answer

@Christopher Fleitas Congrats on getting started! You have an advantage of learning the market as an agent because of the MLS. My recommendation to you would be to start by spending 1-2 hours a day looking at a few markets you are interested in (in terms of investing). You should know these numbers very well so that you know exactly what a property will sell for, rent for, etc. This will help you spot deals quickly and help eliminate the doubts you have.

Then I would say to work with a few investors as an agent. Add value to the investors and see what it is they are looking for in a property and why.

Hope this helps - best of luck!