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Updated about 4 years ago on . Most recent reply

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8
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3
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James Melby
  • Financial Advisor
  • Hagerstown, MD
3
Votes |
8
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Finishing up college & looking to start real estate investing

James Melby
  • Financial Advisor
  • Hagerstown, MD
Posted

Hi all,

I’m a senior graduating college in Maryland after this spring semester and I currently have a full time position at a financial advising firm making a modest $40k a year and have been able to save about $10k in cash since I started there 5 months ago.

I’m highly driven and have to be working, exercising, or playing golf constantly or I go crazy so I stumbled into real estate investing recently and read ‘rich dad poor dad’ and loved it so much that I convinced myself that I want to get myself into real estate investing but have little to no idea where to start.

I’m not sure if paying a gruesome amount of money for a mentor guru would be worth it or if BiggerPockets would supply me will all of the info I need. I’ve yet to decide if flipping homes or buying rental properties is the way I want to go, but I have a good family background in home renovation so I think I’ll be a good fit for either direction I go in.

My biggest questions are, where should I start? Are there some good books to read that would help me carve a path? Would a mentor be worth the money?

Thanks in advance,

Jp

Most Popular Reply

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Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

House hack! Buy a house and rent out a couple of rooms. At this point you do not need a paid mentor. Perhaps if you can find someone who'll mentor you in exchange for some kind of service you can provide to them (Social media?) 

Listen to podcasts, join free meetups online, and learn and network. You can learn a lot for free. How to Win Friends and Influence People is another classic book all investors should read.

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