21 yr old investor!

[Charles Burkholder]

Hi everyone, I am a young 21 yr old real estate investor from Bancroft ontario with great aspirations and goals for real estate. I currently own a duplex that I bought in Feb, 2014. I have my eye on another one but don`t have the required down payment so in 2015 I`ll reconsider it when I have the required amount. I am wanting to get into flipping houses. The problem with this is that where I live it`s mainly a tourist town and the real estate is flooded with houses and that in my mind are overpriced. What would be your pro advice on where to start. I was really inspired by Tyler Bond`s story in a recent BP blogpost which pushed me to look into flipping and wholesaling houses. I`m all ears for advice and mentoring! 

[Paul Timmins]

@Charles Burkholder 

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 80 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing or vacation rentals huge cashflow renting to tourists by the night per bed. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul