New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Newbie investor in the KC area ready to make serious moves
Hey BiggerPockets future (or current!) millionaires, I am new to real estate investing and would love to hear the input of some veterans out there. I have a bit of cash saved up (about 45K), and I work at a blue-collar job as an Amazon warehouse employee (around 41K/year working 60 hours a week).
I listen to at least 7 hours of BP podcasts or business books per workday at my job and am at a point where I am pretty sure I know what I am doing in regards to analyzing deals and getting to know the area I would like to invest in. I am slightly concerned that I will not be taken seriously in real estate transactions due to my age (19), but I am ready to take action regardless.
My main goals are:
-building long-term wealth to live on my own means
-keeping my work meaningful by serving others through what I do and creating constructive relationships
How I plan to do it:
-Buy a house/multifamily to house hack within the next 6 months
-potentially wholesaling in my area (KC) alone or with a JV partner
-Getting my real estate license to become a full-time agent and work for KW
I am looking for recommendations regarding a few questions I have:
Once I complete the necessary training, what is a good time to quit my day job to pour fully into being an agent?
Is this market too hot for newbies like me to jump into?
I'd appreciate any words of wisdom you guys have for me, and thanks for reading!