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Updated over 5 years ago, 07/31/2019
19 y/o investing on RE and getting licensed any advice/help?
Firstly I would like to start out by saying I’m Julio Lopez and basically a newbie to RE I’m very familiar with Bp and the podcasts which I listen to regularly on a daily basis, right now I’m taking the time on educating myself and becoming more knowledgeable on RE and the different type of ways and strategies you can invest in the market. To dive right into It here’s my current game plan and would like to ask for y’all’s opinion and advice on my current situation as I am here to learn from all of y’all that are super successful and knowledgeable in this area of field and are like minded as I am.
I just recently finished my first year of college studying business management and I'm located in the DFW area in Texas. I recently read the book "Rich sad poor dad" and It changed my whole perspective on what I want to do in life and that is to be financially free as soon as I can accomplish It, my goal I'm shooting for is 22-25. I'm on the verge on taking this opportunity to work as a full time commercial electrician with my grandpa and so I plan on saving my money for about 1-2 years and in the mean time work towards getting my RE license and building my credit up to the 740+ range to obtain the best interest rates on loans and deals. I have yet to see what I want to do specifically with my RE license but I know obtaining It will make me more knowledgeable on RE. By doing all of these things I will be dropping out of college due to the fact I will need to be working full time to save my money and invest in RE and fully commit to my dream. I will be attending my first local event in my area this week so I can learn from others that are more experienced and have been in the game. I'm really looking for a mentor that will guide and help me on my journey. I feel like the best way for me to get into the game would be to wholesale so I can accumulate my profits in those 1-2 years that I would be working and then invest into a duplex-triplex or maybe even quadplex and house-hack. Another strategy I was thinking was even doing the "BRRRR" method I'm not fully decided yet and totally open to hear the other possible options to make this game plan of mine more effective. I don't come from a family from a lot of money quite frankly it's the opposite we have no money and struggle financially my ultimate goal is to help my mom out and bring wealth into my family as she has sacrificed so much for me to have this opportunity to have all the tools to accomplish this dream of mine. I forgot to mention I currently have around 5,000-7,000 in student loan debt. What do you guys think I should do as far as my game plan? and any advice you would give your
19 y/o self or even what would you do differently on this decision of mine? Any input or comments would really help me out and could even change my life. If you stuck around and read my whole post I greatly appreciate you, as time is the most valuable thing someone can give in this world. I would love to meet up and network if you’re in the DFW area I have some quality contractor connections you might be needing for that property of your’s, let’s help each-other out!
Thank you.