Young and Hungry; where to start and begin my goals in real estat

Massachusetts Real Estate Q&A Discussion Forum
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Young and Hungry; where to start and begin my goals in real estat

Matthew Ashe
Member since 2021 · 1 post · 1 vote

Good morning everyone! I’m Matt and I am 20 years old from Massachusetts and want to start real estate investing but am unsure where to really begin. 

Owning properties and making a steady cash flow to be able to have my money work for me has been a massive goal of mine and I have to start somewhere and am looking for tips, ideas, really anything that could help me start this process!

Thanks!

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Michael K GallagherBusiness Member
Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
5y

Hey @Matthew Ashe I love the attitude and the spirit.  That's a big question and hard to guide you on without a much bigger discussion.  But from my own experience I'd start with learning as much about you and yourself as you can.  That will help guide you towards tasks and active income streams that you will accel at, to propel your investment goals.  I waited a long time to put in the work to understand me, and why I am the way I am, and I wish I started 10 years ago for sure.  So much frustration could have been saved.

Good Luck!

[email protected]614-362-2231
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  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    5y

    Hey @Matthew Ashe I love the attitude and the spirit.  That's a big question and hard to guide you on without a much bigger discussion.  But from my own experience I'd start with learning as much about you and yourself as you can.  That will help guide you towards tasks and active income streams that you will accel at, to propel your investment goals.  I waited a long time to put in the work to understand me, and why I am the way I am, and I wish I started 10 years ago for sure.  So much frustration could have been saved.

    Good Luck!

    [email protected]614-362-2231
    2Reply
  • Patrick O'Brien
    Rental Property Investor · Westford, MA · Member since 2016 · 16 posts · 8 votes
    5y

    Hi Matt, 

    What part of Mass are you in? I'm also in MA and about to be at 17 units all in MA. Happy to chat sometime if you like. 

    I started back in 2012 with a 2 bedroom condo my wife and I purchased to live in. 3 years later, we moved and rented that condo out. This was before I knew anything about renting, or even biggerpocktets.com. Figured how hard can it be? 

    Well, the answer for me, not that hard - the law almost spells out what you need to do. Follow it, and everything runs smoothly. 

    Send me a message if you'd like to discuss more offline. 

    Patrick

    0Reply
  • Michael Pallotta
    Realtor · Boston, MA · Member since 2017 · 187 posts · 40 votes
    5y

    Hi @Matthew Ashe, I'm going to echo with what @Michael K Gallagher said about education. Investing is a long term game and loading up on the front end with education and knowledge about the process and your goals will help give you an idea of where the best place to start will be. It's not easy to buy right now in Massachusetts, so it's a good time to follow the market and see what properties are going for and are valued at. It's also a higher barrier of entry because of the prices in a lot of locations but it will definitely give you great income and appreciation in the long term.

    I'm always available to talk and give insight on the market if you ever have questions. Best of luck!

    1Reply
  • Dan SheeksPro Member
    Rental Property Investor · Denver, CO · Member since 2016 · 621 posts · 362 votes
    5y

    Hey @Matthew Ashe


    Congrats to you for your ambition! If you are looking to connect with someone for some guidance or advice, feel free to reach out. I also recommend you read this article I wrote for Bigger Pockets titled How to Invest in Real Estate Before Turning 21. It has some great advice for getting started. Once you've read it, let me know your thoughts and if you have any questions. I am a high school teacher in Colorado and I am always looking to help young people get started in real estate investing or help in any way I can. Let me know if you want to chat sometime. https://www.biggerpockets.com/

    [email protected]Podcast Guest on Show #179
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  • Lien VuongBusiness Member
    Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    Welcome to the BP community! MA is a tougher place to start because of our high cost of living and bigger price tags for homes but there's still plenty of opportunities out there if you look hard enough. The first step is definitely education and growing your network to be with people that have similar mindsets and goals as you. Once you feel secured in that, I would encourage you to start going to different areas, walk through open houses and seeing the homes gives you an interesting perspective for what to expect and then you can engage with agent and lenders to find out the right fit for you. Good luck and keep at this!

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  • Josue Velney
    Developer · Boston, MA · Member since 2016 · 175 posts · 155 votes
    5y

    @Matthew Ashe looks like you came to the right place! You will learn a lot on BP. You should start listening to one or two real estate podcasts in your car. Sorry buddy, no more music for you. You have to take this seriously. All the tools you need are all around you. Now you just need to focus on education, networking and taking action. Good luck my friend. 

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