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Updated almost 8 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Camille Frederick
  • Hollywood, FL
4
Votes |
11
Posts

where to start in real estate investing

Camille Frederick
  • Hollywood, FL
Posted

Hello everyone, I'm eager  to start investing in real estate,  I'm 21 and wanted to begin my lie and stop living off my parents and hopefully one day soon take care of them . The problem is I have no idea where to begin!!! I learn bits and pieces off the internet and books but Its all confusing to me. I even looked into a couple  mentoring programs. ONE worth $50,000 and another local program worth $25,000. I know I could do it on my own but I do not have the knowledge,money, the  credit "good enough"  to do so. 

Most Popular Reply

User Stats

50
Posts
37
Votes
Anish Patel
  • Investor
  • Hummelstown, PA
37
Votes |
50
Posts
Anish Patel
  • Investor
  • Hummelstown, PA
Replied

@Camille Frederick  You don't need any mentoring programs.  All the info is free.  Just need to seek it out and want to learn.  My steps

Step 1 - Listen to all the bigger pockets podcasts from day 1 and continue to be confused on where to start. Its a lot of info to digest, but lots of good knowledge.  Read books that they recomend on the end of the podcasts

Step 2 - If you don't know where to start, no worries, get a job and start saving some money.  Preferably a job that teaches you how to fix things in homes so you can get some knowledge and build some contacts with contractors.  Take some classes on plumbing or electrical or HVAC etc..

Step 3 - Find your first house hack.  Get a traditional 30 year loan, put as little money down as you can.  This is the cheapest investment money you will ever get.  Find a fixer upper, duplex etc.

Step 4 - Try to find ways you can be valuable to people in the real estate industry.  Seek out people and ask them.  "Is there anything I can do to bring value to you so I can learn more about real estate investment"

If I was 21 again this is the order I would go in.

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