Advice for Young Aspiring Real Estate Investor

[Yllan Lalic]

Hello everyone! I am very happy and thankful to be joining the BiggerPockets group!

I just finished reading "How To Invest in Real Estate". After reading this book I figured out a plan that I will execute once I save enough money. Currently, I am a college student, I work part-time at a fast-food chain. I am planning to move to British Columbia once I graduate Civil Engineering (major:tbd).

My plan for my real estate journey is to first: house hack and save as much money as I can by living below my means. Second: I will buy a single family home or duplex to BRRRR. Third: Once I build enough equity I will buy an apartment or condos and take it from there.

Any advice on ways to save/earn money during my age? Books to read about Real Estate Investing/self-development? Any advice on my plan or other alternatives to reach the goal of financial freedom quicker? Any mistakes I should be wary of before starting my journey?

Thank you very much for taking the time to read my post. I appreciate all the advice I could get.

[David Richter]

Hi @Yllan Lalic,

If you want to make money and make it fast, then you need to provide massive value somewhere in the marketplace as quickly as you can. I would find someone who is where you want to be and offer to work with them for free to see what they are doing and to see if they'd be willing to partner with you on big deals after you provide a ton of value to them. This will give you connections and experience very quickly and the opportunity to get to your goal.

Also, I would suggest getting these books: 

The number one book I would suggest to understand your business from the financial side would be to read Profit First. Without any financial literacy, it tells you how to manage the finances of your properties and business.

The second book is Gary Keller's The Millionaire Real Estate Investor because of the practical tips offered in the book.

The best experience will be doing a deal and actually getting your feet wet.

Make offers, talk to people!

Good luck on your journey!