Wow, so much incredible input! Thank you guys so much. Not only to the big name people but everyone! The BP community really is the best resource out there.
I guess what I mean is, I don’t want to go the route most people take because in my mind it is the easy way out. It’s the safe way and slow way. I think that I have the imagination and understanding (Jesus I sound arrogant, Almost don’t want to publish this but the I would be lying to myself). Get a job from 9-5 (essentially disallowing you from concintrating 100% on RE), then work on RE on the side. I can’t convince myself that working for someone else in a non related field is a net gain for myself. But please tell me if I’m wrong. I naive and 22 so I probably don’t know what I’m talking about.
That’s where I’m at now. So I’ve looked through hundreds and hundreds of job listings and have not foun a single one that isn’t ‘so and some ‘investor group’ looking for young people who don’t want 9-5 jobs. Don’t worry I’m a guru, oh and there is potential for me to make 500k my first year’. Great more scams. It reminds me of how wealth management companies poach young finance professionals for their connections to wealthy family members. I worked for three different wealth managers throughout college including a Morgan Stanley affiliate and every application process included asking about my relatives assets? Wow that sounds a like a real fulfilling career path. IMO that’s exactly what 99% of real estate listing are looking for.
I listened to a podcast about generating buyer and seller lists within the same market and finding distressed sellers who want out. The gentleman speaking mentioned that he was able to use unconventional value add financing methods to aleviate financial stress put on people by poor financial decisions or unforeseen life obstacles. He would then (more times than not) have a list of people he already knew were interested in ether renting or buying the property he just purchased at a discount but in the best interest of the current owner.
I’m guessing I’m going to get a lot of ‘if you can’t handle the heat, get out of the kitchen’. Am I being to apprehensive about the whole situation. My issue is not understanding how real estate works, my issue is finding out how I can make real estate work for me.
Thanks again for everyone’s help.
Thank you even more if you made it through that entire diatribe haha
Looking forward to your feedback,
An overly eager young investor,
Tom
