All Forum Posts by: Andrey Zohrabyan

Hey @Andrey Zohrabyan! Congrats on your ambition!

You should check out the book I wrote (published by Bigger Pockets) as it's perfect for you: First to a Million.

In addition, DM me if you are interested in an online community of young like-minded individuals.

Best of luck to you! Dan

Hey there. I am also a new investor. Just like everyone else said, connections make all the difference. I am in a very expensive market. I have little cash since I am still in college. I know I wanted to invest right away so I thought about taking a break from college to go move to another state where the deals worked with me. However, that wouldn't of been wise since I do not have any connections. The best advise I have gotten was only to buy if you have the right resources to do so. I realized that taking time to find the right people to help you along the way is more important than diving right in. Try answering 3-5 people in these forums each day to help you guide your way into the world of investing. Good luck with your exam. Feel free to each out to me because it seems like we are in the same boat!

@Andrey Zohrabyan - First of all, good luck! Second, I used an app called "crashcourseonline.com" when I took my test in 2016 I loved it. I believe it was $1.99 at the time and the material was straight forward and easy to digest. Hope this helps!

@Andrey Zohrabyan

That is so awesome that you interest and excited about real estate! My biggest advice (and everyone have said it too) is to find a mentor that match with whatever goal you have in mind. I'll give you an example, I just bought my first rental property last 9 months. I had limited amount of money also, however I didn't let that slow me down. I used the FHA loan with 3.5% for purchase my duplex (yes the PMI will be there but it allows me to have a low down payment, and now I have gained equity. I might refi soon). I am planning of doing the BRRRR method, you should read that book by David Green.

Best of luck for you! I would love to connect with you, if you need someone to bounce ideas and I'm all ears!

Spend as much time as you are studying into networking. What the internet projects RE investing to be and what actual investors are doing in your area are two different things. If you talk to any investor they will say the hardest part is finding the deal, not the money

Do you have a family member who would be able to co-sign with you on a fha loan?  Or maybe a private investor would be willing to co-sign with you? 

I would think starting with limited money at your age by house hacking. You can literally FHA a home every year at 3%. At that rate, by the time you are 21, you can already have 3 multifamily homes under your belt with just 3% down every time!

@Steven Foster Wilson is spot on with expanding your network. This is as simple as attending local meet ups to connect with other like-minded investors and absorb as much knowledge as you can from them. Local meet ups can be found on BiggerPockets under Education->Events, on Meetup.com, and on Facebook. Keep up the enthusiasm and remember that all good things come with time. Real estate is a marathon, not a sprint.

 Hi Andrey, 

I love your excitement and passion for real estate. It is wonderful that you have found what you love at a young age. Personally I think it’s really important to expand your network. I have found mentorships to be crucial in my career of real estate. I would ask people that were doing what I wanted to do for coffee. I was willing to pay for their coffee or meal, whatever it took to get time with them. Be bold and ask people if they are willing to invest with you. The worst thing that could happen is they say no. 

Keep this passion going!