New Member from Cypress, TX

[Justin Plata]

Hi my name is Justin Plata, I am 19 years old and I'm interested in investing in real estate for passive income. I've heard it is a very rewarding field to get into. Problem is, I work at Lowes for a low wage. Another big issue, I pay for my own car payment and car insurance. So my bills take much of the money that I do earn. I have very little to spend on myself. I just need advice on starting out. Thank you.

[Abel Curiel]

Hello Justin,

Happy Thanksgiving!

I'd like to start by saying that working at Lowes can be a HUGE advantage! You have the opportunity to learn what materials are needed for rehabs on properties, what these materials cost, AND if you pick the brains of the contractors who frequently shop there... you can even learn about what the labor costs, how long these rehabs take, how to estimate rehab costs, etc. I realize the wage (in dollars) is low but the wealth of knowledge at your fingertips could prove to be priceless if you decide to stick with REI. Please begin to look at your employment at Lowes as a benefit!

Aside from that, I'd say you should read the free e-books offered by BP, check out podcasts, read blogs & forums, and reach out to folks doing business in your market. There is plenty of info on BP but networking can help you learn more than what you'll read on a screen or in a book. 

Soak in all the info and pick your concentration- flips, rentals, wholesaling, notes, etc...

Feel free to reach out with any questions, I'd be happy to help.

Best of luck to you!

-Abel