All Forum Posts by: Sebastian Guzman

@Sebastian Guzman, save every dime you make until you turn 18. You can't buy real estate with zero dollars - and your age will work against you at first.

Start learning your market now. Get set up to receive market listings to see what is being listed at what price in what condition.

Reach out to a real estate agent and start receiving listings. Attend every open house in your area so you can see the condition of the houses and what they're selling for.

Make yourself available to real estate agents as an assistant. Offer to do the things they don't want to do. 

@Sebastian Guzman

See if you can get a job working construction and learn about the guts of a house. And don’t go to college just because it’s a free ride. There’s an opportunity cost to consider- that’s four years you’ll tie up. I’d advocate for taking 1 or 2 gap years and figuring out how the world works before you either waste the 4 years or the GI ride on something you won’t ultimately care about.

Sebastian,

I would recommend going out and getting W2 job to start establishing some income which will help you qualify for loans when the time is right. Take a position in something you enjoy and learn about real estate over the next two years. If you really love real estate, you could take a job in the real estate field such as construction, property management, or become a real estate agent (not sure about the age requirements).

Also, in the meantime you can look into potentially wholesaling properties. Its a way to get in that requires some money, but property investment money. I see many youngsters like yourself doing it, and doing well. 

Good luck and feel free to reach out with any questions!

@Sebastian Guzman

If all you did was listen to every BP podcast and read every book they talk about, you would be in good shape and not need college. College is a solid idea but not needed for real estate. Curious - why wait until your 18? Until then save as much as you can. Learn how mortgages work, learn how good credit works and start building it. Maybe even start a small business in the mean time? Even simple stuff like mowing lawns or pressure washing driveways will help you learn how money works. Good luck!