How Millennials Can Start Investing in Real Estate

Yes, I am a millennial. And many people consider real estate an old man’s game.

However, I am a firm believer that investing is a long-term path, and the younger you start, the more you will benefit in the future. Don’t let being different from the majority of people(age wise) in your chosen industry discourage you.

Little or No Money: No Excuse

Oftentimes, we tell ourselves excuses about why we can’t do something, and we hold ourselves back. This industry is very lucrative and offers numerous ways to get creative, whether it’s a no-money-down strategy or involves other people’s money.

Wholesaling

This is one of the ways I began in single-family homes, after my involvement with construction in commercial projects. Instead of accepting the fee after wholesaling properties, I started to partner on these deals for my long-term wealth. And you can too!

This requires having a great relationship with the other investor. Ultimately, that’s how I first acquired buy and hold using this strategy.

Getting Yourself Out There

Go to local meetups, and tell everyone what you do. Join groups, and network with people in the industry. And don’t forget about social networking.

Educating Yourself

Yes, education is a lifelong process. Don’t be fooled into thinking that now that you have your degree(if you have one), you no longer need to learn. I still find myself not knowing things and having to go and research them.

Sacrifices

If you want to be a successful investor, it’s best to accept a certain reality now: Your friends will be going out and enjoying themselves, and you won’t be able to join them. But you have dreams and goals to build. Even if you can’t join your friends right now, they’ll still be your friends. And you’ll have more money.

In Conclusion

Just go out there and take action. It will work itself out, as long as you simply stick with it.