{"id":131185,"date":"2020-10-21T05:00:05","date_gmt":"2020-10-21T11:00:05","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=131185"},"modified":"2021-03-16T17:04:24","modified_gmt":"2021-03-16T23:04:24","slug":"how-to-get-into-real-estate-twenties","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/how-to-get-into-real-estate-twenties","title":{"rendered":"How to Get Into Real Estate in Your 20s"},"content":{"rendered":"<p>This is my advice for anybody who&#8217;s young\u2014you could be 20 or 25. It doesn&#8217;t matter if you&#8217;re young, even under 30, and you don&#8217;t make a ton of money yet in life. Whether you&#8217;re still just starting out, maybe on your first or second job, it doesn&#8217;t matter.<\/p>\n<p>How do you get into real estate? Let me give you a few tips.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/kgPTt8dCu6E\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>Educate Yourself<\/h2>\n<p>Number one, knowledge is so vital in the beginning\u2014most people don&#8217;t have enough knowledge. So, aim to <a href=\"https:\/\/www.biggerpockets.com\/store\" target=\"_blank\" rel=\"noopener noreferrer\">get a ton of knowledge<\/a>, and it doesn&#8217;t take any money to do that. What you lack in money you likely have more of in time because you probably don&#8217;t have a bunch of kids or a lot of obligations yet.<\/p>\n<p>That said, I would find time to get knowledge.<\/p>\n<p><strong><em>Related:<\/em> <\/strong><em><a href=\"https:\/\/www.biggerpockets.com\/blog\/top-6-books-to-read-in-2020\" target=\"_blank\" rel=\"noopener noreferrer\">The Top 6 Books Everyone Should Read in 2020<\/a><\/em><\/p>\n<h2>Practice Analyzing Deals<\/h2>\n<p>Number two, I&#8217;d really focus on your skills in analysis. Get really, really good at deal analysis and deal funnels (like how you get leads coming in). Again, it doesn&#8217;t require a lot of money to run the numbers or to start getting leads, to start driving around your neighborhood, to start finding properties.<\/p>\n<p><strong><em>Related:<\/em> <\/strong><em><a href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-investment-property-walk-through-4-bed-1-bath\" target=\"_blank\" rel=\"noopener noreferrer\">How to Analyze an Investment Property [With Video Walkthrough!]<\/a><\/em><\/p>\n<p>In fact, I think you actually have a benefit by being young. People are more likely to talk with you and not be scared away when you&#8217;re 21, 25, 30, then if you&#8217;re older. I seriously think you have some benefits there.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-126403 size-main-slider\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/06\/investment-analysis-calculations-702x336.jpg\" alt=\"Portrait of attractive hardworking businesswoman with Afro hairstyle busy doing paperwork at office desk, working through finances, using calculator and making notes in her notebook with pen\" width=\"702\" height=\"336\" title=\"\"><\/p>\n<h2>Expand Your Network<\/h2>\n<p>Number three, this is a great time to <a href=\"https:\/\/www.biggerpockets.com\/forums\/521-events-and-happenings\" target=\"_blank\" rel=\"noopener noreferrer\">build relationships with more successful investors<\/a>. Because you know what\u2014while successful investors may not love to mentor, what they do love is seeing up-and-coming investors take their advice and do something with it.<\/p>\n<p><strong><em>Related:<\/em> <\/strong><em><a href=\"https:\/\/www.biggerpockets.com\/blog\/network-pro-biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">How to Network Like a Pro on BiggerPockets<\/a><\/em><\/p>\n<p>It&#8217;s almost like the older investors, their own kids don&#8217;t care about real estate. So, let&#8217;s say you become like the kid to them. But you can&#8217;t just go to them and say, &#8220;Hey, tell me everything you know, and and then I&#8217;ll go do it.&#8221;<\/p>\n<p>You ask them for a piece of advice, and then you go and do it. Then, you come back to them and say, &#8220;I did what you said.&#8221;<\/p>\n<p>And then they&#8217;re like, &#8220;Oh, this kid&#8217;s got something!&#8221;<\/p>\n<p>And then they tell you, &#8220;Well, go do this,&#8221; and then you go do it. You come back to them and maybe you start finding deals for them. Maybe after a few deals, you start partnering with them. That&#8217;s what my advice is.<\/p>\n<h2>The Bottom Line<\/h2>\n<p>If you&#8217;re just getting started and you don&#8217;t have a lot of money, work the relationships, get the knowledge, and build up your skill set right now.<\/p>\n<p>I mean, honestly, now that I&#8217;m thinking about it&#8230;<\/p>\n<p>That applies for everybody\u2014regardless of age. If you&#8217;re just getting started, you don&#8217;t have a lot of money, focus on those three things. Focus on your knowledge, your skillset for both deal-finding and deal analysis, and then your networking, your connection with other people.<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/webinars?utm_source=blog\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-91217\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01.jpg\" alt=\"\" width=\"700\" height=\"85\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01.jpg 700w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01-300x36.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><em>Questions? Comments?<\/em><\/p>\n<p><strong>Let&#8217;s discuss below.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may be young, but you&#8217;re ready to invest in real estate. You just need some guidance. Here&#8217;s where to start your financial freedom journey.<\/p>\n","protected":false},"author":710,"featured_media":119132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5524],"tags":[],"class_list":["post-131185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investing-for-beginners"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/131185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/710"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=131185"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/131185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119132"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=131185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=131185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=131185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}