Newb to Real Estate!

[Gabriel Beverly]

Hey everyone! I am looking to start my journey in the real estate world and I have found this awesome site that seems to be really helpful so far so time to just dive in to start networking and learning!

A little about myself I am 27 years old. I was in the military for four years. I got out a few years ago and continued with my education and I am currently attending college at the University of Hawaii and will graduate in December this year with a Business Management degree. My family and I do live in Hawaii right now for military reasons since my wife is still Active Duty. We will be moving back to the Houston area after she finishes her time in. I am pretty big into fitness and hope to one day own my own gym! 

As far as real estate I have ZERO experience and am right now just listening to as many podcasts and doing research as best as I can. I decided to start learning and to get into the real estate investing because of some videos I watched and decided that in order for me to provide the best life for my family and I that i needed to do something different from the average person. I dont want to be saving money my entire life because that savings account wouldnt be working for me I want my money to work for me!

My biggest challenge i am facing right now is that with my wife being stationed here in hawaii and myself not wanting to start my investing in such an expensive market here paired with me being a full time student right now I dont have an income. I am not comfortable buying out of state with zero experience as well as when my Family and I leave Hawaii to move back home to TX it will be our first house for our family!

So while trying to find solutions to that I am spending time to get to know as much as possible to better prepare myself for investing! I am open to all advice and any questions any one may have for me! I am excited to be apart of this community and to start my path along with many others!

[Jim K.]

@Gabriel Beverly

You're young, Gabriel. There are lots of options. I really don't feel that the fact that it's difficult to start buying now is a bad thing for you right now. It's a seller's market right now in most places, and that means it's harder to find good deals. So this is a perfect opportunity, since you're a student already, to set up a real estate self-education program. This website is a great place to start, but there are a number of books that you can read as well.

I'd say there are two things you need to get straight on, and you sound like you're almost there anyway.

1. Most people are broke, and their opinions and attitudes about money are worth very little. I am related to a large number of these people. It's likely that you are as well.

2. Not being broke is an aberration in this society, not the norm. You will have to live in an aberrant way if you choose not to be broke. You will have to choose being different. This society, however, does not like difference. You will be labeled strange, weird, bizarre, cracked, and stupid until you achieve a measure of success in what you do. You will have to put up with being treated with all the mechanisms that the society excludes aberrant people: contempt, ridicule, disregard.

The best thing that I can say about the second point is that once you do start making some money, it's amazing how quickly the same people that treated you like garbage start fawning over you. The buttsmooching just becomes more and more fervent as the years go by. The fact that you can measure the thickness of the financial cushion you've built between you and poverty also helps lessen the sting of the years that you spend clawing as hard as you could to get somewhere.

I think a lot follows from being clear on those two points starting out.