All Forum Posts by: Andrey Zohrabyan

@Andrey Zohrabyan Welcome to BP and congrats on your ambitions and interest in real estate investing.

In one of your reactions you asked how to find a mentor. I am actually a mentor and currently mentor 14 clients. If you like to learn how we do it, please DM and we can set up a chat.

As for the options you have, I like to suggest really spending time using the SMARTERS tool to determine where the journey should go and what some of the end results should be.

I wouldn't be surprised if you have a few different passions, some of which might not sound like they could ever be a career or could be an occupation that doesn't pay very well. At your age, I would recommend really exploring those passions in depth and then seeing how dominant real estate is. That will then help determine which road will allow you to reach your goals the fastest or easiest or both.

Several of my clients had their first conversation with me and were initially very hesitant because they thought they needed a bunch of money to be able to start investing. I get the funniest puzzled looks when I show them how I got my daughter to start with $50/month. There is really no financial hurdle of entry anymore, if you know where to look.

@Andrey Zohrabyan sit face to face with as many lenders, sellers, buyers, and deal finders as you possibly can

Hi Andrey,

I would strongly suggest "house hacking". If you aren't familiar with this, it is when you buy a multi-family investment property and live in one of the units as your primary residence, then you rent out the other units and cover your mortgage and property expenses on the entire property with rental income from the other tenants. 

Then your probably wondering how would I make a profit from this? Well, you would take the money you’re not spending on rent, and you save up for a down payment for your next investment property or reinvest the money towards your self, such as more coffee shop meetups, i.e. expanding your network! 

This is just one idea. Hope this helps :)

Hey Andrey! it's awesome to see your passion! I would start networking with likeminded people. If you could find a real estate mentor that would be even better! They will be able to show you the ropes. 

I'd recommend buying your first house-hack. Make sure you have the income and credit to support that, so talk to a few lenders to see what your options are. Then, work towards all the things a lender would need to see.

@Andrey Zohrabyan

I know it's not for everyone but I would recommend getting a job in the trades, specifically to be an electrician. The great starting wage gives you bankability within 6 months for an FHA loan. Also if you're working to network it's nice to have a skill that you can offer to either partner on a deal or trade sweat equity. You'll also always have a 6 figure job to fall back to if need be

The best way to get started is to get involved in real estate. Find a top thing you like for example does finding deals interest you, capital raising, or property management? Try to lock down what you think you would enjoy and ask a local rock star your area if you can help them. You could even just get your RE agent license and start selling homes to learn your local market. What you need to do is get out there and do something. The more something you do the more you will expand your network and grow eventually finding traction. 

1. find a mentor or broker who is who you can assist learn and copy his systems and or communication. If you do youll be on the fast express lane to success. No need to crash learn or reinvent the wheel.

2. Fail and fail fast

3. your world is as large as your courage