All Forum Posts by: Jack Hritsko

Side note: My dad is one of the best general contractors in the area.

I’m asking all current investors to give me your opinion what you would do in my situation.

I am a 19 year old studying to get my real estate license. I’m mainly getting my license for the education, but may want to sell homes part time in the future. I want to begin investing more then anything. For the past few months I’ve been studying all of the different types of investing. Owning a portfolio of cash flowing rental properties is my end goal. I do see a lot of young investors are entering the market by wholesaling. The concept makes complete sense to me and I was thinking about starting there. My parents have approximately $20k in my college account they’d be willing to invest in me. If you were at motivated 19 year old looking to get started in real estate, where would you start? Thanks in advanced!

Hello everyone!

I am 19 year old college student very interested in every aspect of real estate investing. I honestly hated college after my first semester and that’s when I began researching other career avenues. I knew from a young age I wanted to be an entrepreneur, coming from a family of business owners. Over the past few months I have learned more just from YouTube, podcasts, books, and Bigger Pockets forum then I could have ever imagined. I have become obsessed with educating myself everyday though the sources I listed above and have been promoted an opportunity where I need the bigger pockets families opinion.

About 2 months ago a family member had received an email from Real Estate Sales LLC - Flip Cheap Houses. This is a mentorship program where I would be assigned one of the companies mentor/coaches who would teach me how to wholesale. I know the basics of wholesaling but I value the companies lead system more then anything. They have access to your county court house documents where you are encouraged to send out 200 letters a week to the leads you are given. On top of the seller leads you also are given a list of investors in your area who have bought and sold 2+ properties in a 60 mile radius, which is "your area".

Now into the numbers. The company has two options to start their program. (12 month)

1. $13,750 start up costs and 50/50 split of profits with your mentor

2. $18,750 start up and 80/20 split of profits with your mentor

The website “promises” $100,000 in wholesaling profit after the first year and if not, the mentor will work with you to complete the promised sales for free after the first year.

As a 19 year old who is desperate to get into real estate anyway I can, this opportunity looks promising. I’ve been in contact with one of the owners Amy Keith and have had several great conversations about her company. My parents are willing to take a chance on me because they see the passion I have to get started in real estate. They are willing to finance this opportunity for me and I need your guys/girls opinion of the legitimacy. Thank you!