Tips for a young Entrepreneur

[Tyler Stump]

Hello,

My name is Tyler Stump, I am a graduating 2021 senior in a Tampa, Florida high school graduating in a week.

Starting around January 2020, I’ve invested hours of my time studying up on real estate and already started my 1st pre-license course. Reading BP posts has helped me understand concepts in the past, but now I am in a critical position and in need of some advice from the best.

A few generic questions I’ve been struggling with:

After obtaining my license, what would be the best route to be at a level, which I can start comfortably flipping properties or securing rental properties? Typically, what kind of capital am I gonna be needing to run my first deal?

I’m hoping to start off in an elite brokerage who produces the best outcomes for its associates, but I am lost how to find one?

It’s my goal to expand my network of relations around my current market- Tampa. However, I’m lost on how I can meet and expand relations to some successful RE investors/ attorneys? Is there online or in person events I can go to?

[Nathan Gesner]

Originally posted by @Tyler Stump:

After obtaining my license, what would be the best route to be at a level, which I can start comfortably flipping properties or securing rental properties? Typically, what kind of capital am I gonna be needing to run my first deal?

I’m hoping to start off in an elite brokerage who produces the best outcomes for its associates, but I am lost how to find one?

It’s my goal to expand my network of relations around my current market- Tampa. However, I’m lost on how I can meet and expand relations to some successful RE investors/ attorneys? Is there online or in person events I can go to? 

There are many ways to skin a cat. My recommendation is that you read "Set For Life" by Scott Trench (available in the bookstore or Amazon). He shares solid, practical advice on setting up your finances and using a house hack to get started. In four years you can be living in your own single-family home with two four-plexes, all paid for by your renters. In less than 30 years you can have eight rentals and a single-family home fully paid for. That's just one example but it's very simple and accessible to anyone. By the time you get the first four-plex under your belt with a couple years experience, you should know if this is the path you want to pursue or not and can adjust accordingly.