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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
1
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Ben Haridim
  • Rental Property Investor
  • los angeles
1
Votes |
12
Posts

Flipping in L.A. at 19 years old with no money......

Ben Haridim
  • Rental Property Investor
  • los angeles
Posted

I’m 19 years old and looking into house flipping. The problem is, I have no money myself, I have no connections to people that would lend me money, and I live in an extremely expensive and competitive area (west Los Angeles) virtually making me feel like I’ll never succeed in any real estate strategy. So the real question I have is where the hell do I start to get the ball rolling?

Most Popular Reply

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321
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524
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Spencer Cornelia
  • Investor
  • Las Vegas, NV
524
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321
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Spencer Cornelia
  • Investor
  • Las Vegas, NV
Replied

@Ben Haridim "I'm 19 years old".  This is the greatest advantage you have.  Listen to Gary Vaynerchuk talk about the value of age and long term focus on one goal.  Don't get caught up with some success stories on here and YouTube - "How I Own 200+ units in 30 days" type of success stories.  They're extremely rare.

What someone in your shoes needs to do is spend the next 2 years devoted to learning the game of real estate investing by listening to every podcast imaginable, going to every real estate networking event in your city and area, and by becoming more obsessed in real estate investing than I was in pursuing the women and parties in college.

I'm 29 years old and far ahead of my peers.  And I've only spent 2 years in this game.  You can spend the next 5 years networking with every Big Wig in West LA and buy your first deal at 24 and you'll still be so far ahead of the curve, you won't realize it until you're much older.

Here's the importance of networking: you'll figure out what people are doing near you.  You can talk to them.  You can learn from them.  You can FEEL their success to know how to replicate it.  You can FEEL their mistakes to know how to avoid them.  You will FEEL motivated just by being around them.

Time is on your side and it's the most expensive currency on the planet.  You may not have money, but you have the most valuable thing in the world.  Use it wisely and your success will not have a ceiling.

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