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Updated 5 days ago on . Most recent reply
I am young and unsure where to start my real estate career. Help!!
Hello! My name is Evan and I am from Cleveland, Ohio. I have been listening to the bigger pockets podcast for about a year and I am eager to start taking action towards my real estate goals. I like the idea of the BRRRR method, and I think it is a reasonable goal to acquire a property to renovate and rent out within the next year or so.
I have a good amount of capital saved up and am willing to put in the work for renovation.
My question is, where do I start? It is a pretty overwhelming process and I don't know where to look for deals, and how to find the right one. What is some advice ya'll would give to someone like myself? Thanks!
Most Popular Reply
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
Quote from @Jimmy Lieu:
Quote from @Evan Hooke:
Hello! My name is Evan and I am from Cleveland, Ohio. I have been listening to the bigger pockets podcast for about a year and I am eager to start taking action towards my real estate goals. I like the idea of the BRRRR method, and I think it is a reasonable goal to acquire a property to renovate and rent out within the next year or so.
I have a good amount of capital saved up and am willing to put in the work for renovation.
My question is, where do I start? It is a pretty overwhelming process and I don't know where to look for deals, and how to find the right one. What is some advice ya'll would give to someone like myself? Thanks!
I disagree with this. You don't know his financial situation. What if he is a high income W2 worker? Now he has to hustle as a Realtor where it is common not to close your first deal until 6 months to a year down the road? Pass.
I have clients who are successful in real estate and none of them are Realtors or even have their real estate license.
Plus, there is no legitimate Realtor training geared towards investing. You get your license and you are on your own. If you go the mentorship route, just get a mentor on the real estate investing side instead.
A better use of his time if he feels overwhelmed is to partner on a deal. He learns the process and gains a rental. Far better use of his time, resources, and experience.