Question for Veteran Investors!

[Ryan L.]

Hello,

I'm a 24-year-old newbie in investing but extremely serious and dedicated to making real estate investment my career. I've had the opportunity to work for/with a number of very seasoned and successful investors already and have come away with one thing that all of them have in common: they know the ins/outs of rehabbing and contracting. That includes the costs associated to every type of project, its process and can even do it themselves if they had to. This is frustrating because I don't have any experience in rehabbing/construction and it makes me lacks the confidence needed to become a successful investor.

My question to you is have any of you been in a similar situation? With time will I be able to learn the ins and outs and prices associated with construction? Do you recommend any things I can do to help myself in this field?

Thank you for all your time and I really hope to get your feedback!

[Loc R.]

Ryan,

I cheap way to get a lot of experience quickly is to have 10 contractors bid for the same job. From there you can figure out what a certain job might entail, and how each one of them bids it out will give you an idea on a range for that type of job.