All Forum Posts by: Sam Tecun

So I'm on the path of getting my RE license and begin working as an agent while doing my research and finding deals that I can invest in on the side. Both of these paths of course require a lot of time and dedication. While doing these things, I also plan on working a full-time job since I won't be making much of a reliable income while getting started in this field. I'm only 20 so I don't have many obligations to worry about right now such as taking care of a family, so I can use all my time and money for myself. Also note that I care more about my career as an investor then my career as an agent since I don't plan on working as a salesperson my entire life.

I am curious if other people have gone into the endeavor of working as an agent and investor while working a full time job until their investments could support their lifestyle. If so, how did you manage your time? What was most difficult for you? Should I consider working part-time instead? Any tips and suggestions are greatly appreciated. Thanks!

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Originally posted by @James Nosack:

@Sam Tecun

Hi Sam,

Happy to share my experiences, feel free to reach out. My first purchase was out of college at age 22 2-1/2 years ago. Like many others I started by house hacking a duplex (live in one side, rent out the other).

Personally, I found local Meetups to be the most valuable use of my time while I was in the learning stage. I met a lot of very savvy investors as well as other real estate professionals at multiple bi-weekly and monthly events. At these events I asked questions derived from books I was reading, podcasts, ect and was able to expand on the knowledge in ways applicable to my own situation. 2 years later I have done three deals with one of the lenders I met at one of the weekly meetups. I also text frequently with 1-2 others that I met through my local meetups.

For people looking to invest young, down payments can prove to be a barrier of entry. Look into the many creative ways to finance a deal that can help you (seller financing, lease options, partnership deals, government programs like FHA). My first deal was purchased using an FHA at 3.5% down. After working for a few months out of college and saving much of my income this was attainable.

Good luck with you first deal! Keep active on BP, engage others in the community, read, and ask questions!

Hey James, thanks for the response. Nice to see that you found something that worked for you, I'll keep this advice in mind!

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Originally posted by @Andrea Weule:

Hello @Sam Tecun, Welcome to the BP family! First off good for you. We dove into REI via Wholesaling when we first started. It helped us build up some funds, meet lots of people, learn lots about markets and get comfortable with the steps. We were able to save up and put $ down on our first 2 rentals about 1.5 years in.

I think its fabulous that you want your first rental so young. So many people say, if only I started sooner, so you're doing great. Definitely make lots of connections, ask questions and learn a bunch. I would say if you want a rental, start up a plan to put aside funds so you're ready for the down payment when you have the deal.

Best of Success!

Thanks for the advice Andrea! I'll keep that in mind.

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Originally posted by @Dan Sheeks:

Hey @Sam Tecun

Congrats to you for your ambition! I am willing to help you out with some advice or even chat on the phone if you wish. But I recommend you read this article I wrote for Bigger Pockets titled How to Invest in Real Estate Before Turning 21. Once you've read it, let me know your thoughts and if you have any questions. Best of luck and hope to chat soon!
https://www.biggerpockets.com/...

Thanks a lot Dan! I'll definitely give it a read. Hope to connect with you soon as well.

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Hey guys!

I’m an aspiring 20 year old real estate investor just getting into the “game”. My goal right now is to make my FIRST investment, most likely on a rental property. I am aware of all the different investing strategies although I’m still learning about how they work. I also am working to meet more people in order to create valuable connections and relationships to benefit my RE journey.

Right now, I’m curious about how other people got started in their real estate investing careers. If you started young, or with little to no money, how did you work your way to securing your first investment? What mistakes did you make at the beginning of your journey? How did you meet other people who you could add to your network of valuable connections?

Any answers are greatly appreciated. Take care and stay safe out there!

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A common saying in real estate investing is, “You make your money when you buy, not when you sell.” This means that your purchase price is the main factor that determines your profit later on. Something that not many people think about when they first get into investing!

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All Forum Posts by: Sam Tecun

Sam Tecun has started 2 posts and replied 6 times.

Post: Investor/Agent and Working Full-Time

Post: Young broke aspiring investor!

Post: Young broke aspiring investor!

Post: Young broke aspiring investor!

Post: Young broke aspiring investor!

Post: 3 things I wish I knew before buying first investment property