LOOKING FOR a mentorship for a 23 year old investor

[Benjamin P.]

I WILL keep this short. I am Looking for a mentorship in the Georgia area! 

I am 23 years old, me and my Dad have been investing together over the past 4 years in real-estate....we just closed on our first deal which was:

275k Home which we bought for 255k......That home is nice but does not cash flow and just pays the mortgage.

I need a strategy on how to build wealth over the next 10 years....I currently have around 40k in stocks and looking for some insight.

I am from the Columbus, GA area, and once I graduate college I will be making 44k a year.

Please answer!

Hey, I a

[Wale Lawal]

@Benjamin P.

It's wonderful to see how passionate you are about accumulating riches and real estate. Real estate wealth creation requires a long-term vision, continual education, and astute planning. Given that you're seeking mentoring and direction, the following actions and approaches may be of interest to you:

Your short- and long-term investing goals should be clearly defined. Think about things like risk tolerance, appreciation, and cash flow. Making investing selections will be guided by your goals.

Attend seminars, networking events, and meetings for real estate in your area. Make contact with seasoned Columbus, Georgia, investors. Developing connections with regional investors might yield insightful information and even mentorship possibilities.

Think about different real estate investing tactics including wholesaling, repair and flip, purchase and hold, or even inventive financing methods. Every tactic has advantages and disadvantages, therefore you should choose one based on your objectives and available resources.

Learn everything there is to know about Columbus, GA's real estate market. Determine whether neighbourhoods have room to develop, a high demand for rentals, and chances for capital growth.

Make a concerted effort to find a real estate mentor, ideally one with knowledge of the Columbus, GA market. A mentor may assist you overcome obstacles, offer advice, and share their experiences.

Remember that accumulating wealth is a slow process and that perseverance and ongoing education are prerequisites for success in the real estate industry. Stay focused on your goals, leverage the knowledge of experienced investors, and adapt your strategies as needed.

Good luck!