Good luck with your venture(s). 

As the title states, I am 24 years old, living in Southern California, and motivated to start my venture into REI.

I've just checked out Rich Dad, Poor Dad from my local library to read as it seems to have played a critical role in kickstarting a lot of people's real estate ventures. 

You would have to have silly amount of cash like hundreds of thousands or you would have to do very very risky things like venture capitalism, IPOs, option trading and all that (which is quite impossible for a young college dropout).

Strategies we've used in the past, not in order of preference: Fix & Flip; Rental; Owner Finance (On both the buy side & the sell side);  Joint Venture w/ the owner- Occasionally we'll find property owners that are open to partnering w/ us to renovate their property & share in the profits when it's sold.  

I lived in Arizona and did many flips there and recently participated in a successful joint venture with someone in the Dallas area.

All the best on your real estate venture!

I've been in the wholesale game and was looking to venture out morePurchase price is $130k Rehab/repair $30k or less some of the work will be done by my husbandARV $265KMy lender has to evalute the property to confirm thr ARV because the tax accessment says thr house has 4 bedroom and it truely has 6.

Good luck on your venture. 

I may be contacting a couple of you to explore the possibility of a Joint venture to save the residential deal, where I have a funding source but require some down money.