Should i read books or meet with investors to gain knowledge?
Member since 2022 · 48 posts · 7 votes
Should i read books or meet with investors to gain knowledge?
Most Popular Reply
44 Replies
- Member since 2019 · 63 posts · 63 votes4y
Amazing! And you are only 19! Congratulations
Books are amazing, podcasts, YouTube everything you can get your hands on but nothing beats real world experience. If I were in your shoes I’d start by connecting with top agents and offering to shadow them in my time off. The right agent will help you connect with investors in your area as well as teach you negotiation skills, how to calculate prices, repair costs and draw up comparables. When you meet an investor you believe you can benefit from offer him/her value in exchange for allowing you to SHADOW them. PLEASE DO NOT JUST APPROACH ONE OF THEM AND SAY “HEY I LOVE REAL ESTATE CAN YOU TEACH ME?” They are very busy people, they don’t have time to sit down and teach you. You learn as you go.
hope this helps :) best wishes - 4yJonathan StonePro MemberRental Property Investor · Camas, WA · Member since 2020 · 285 posts · 202 votesRead books. Tell people what your interests are. Network through people you meet. It’s likely if you meet someone who could be a mentor having some reading already under your belt would help. I can’t tell you people often refer books to me and it becomes a conversation about how you could/would/should apply that knowledge.
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
- Rental Property Investor · Columbia, SC · Member since 2020 · 245 posts · 275 votes4y
@Jagnoor Gill you should do both. Reading about REI will help you to become more knowledgeable and be able to ask better questions to investors. Continue to read, listen to audiobooks & podcasts and network with others who are in REI.
- Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes4y
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
That's like saying "I'm going to the Emerald City of OZ to learn how to play the ukulele". It makes no sense. If you are passionate about real estate you DO real estate ( but not in Toronto, the market is too expensive) you do real estate in your home town or someplace where it makes sense. I think you are actually playing a very poor joke on us. Tell us this is actually a very bad joke, please! (at 19 saying someone is making you go to Toronto is absurd)
- Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes4y
@Jagnoor Gill
Meet with people, keep involved. Maybe someone might take you under their wing or give you capital for your first investment.
- 4yKerry Noble JrPro MemberInvestor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
Absolutely! Implementing the knowledge from books and networking will definitely get you ahead of most
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Eunice Villarroel:
Amazing! And you are only 19! Congratulations
Books are amazing, podcasts, YouTube everything you can get your hands on but nothing beats real world experience. If I were in your shoes I’d start by connecting with top agents and offering to shadow them in my time off. The right agent will help you connect with investors in your area as well as teach you negotiation skills, how to calculate prices, repair costs and draw up comparables. When you meet an investor you believe you can benefit from offer him/her value in exchange for allowing you to SHADOW them. PLEASE DO NOT JUST APPROACH ONE OF THEM AND SAY “HEY I LOVE REAL ESTATE CAN YOU TEACH ME?” They are very busy people, they don’t have time to sit down and teach you. You learn as you go.
hope this helps :) best wishes - Member since 2022 · 48 posts · 7 votes4y
Thanks for your great advice. Actually i live in a village and their is no one who is interested in real estate. So, i don’t have community to discuss my ideas and interests. I am moving to canada in next 2 months as a immigrant. So, i hope i will fine some investors and agents .
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Account Closed:
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
That's like saying "I'm going to the Emerald City of OZ to learn how to play the ukulele". It makes no sense. If you are passionate about real estate you DO real estate ( but not in Toronto, the market is too expensive) you do real estate in your home town or someplace where it makes sense. I think you are actually playing a very poor joke on us. Tell us this is actually a very bad joke, please! (at 19 saying someone is making you go to Toronto is absurd)
- Rental Property Investor · Chicago, IL · Member since 2019 · 109 posts · 443 votes4y
Quote from @Account Closed:
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
That's like saying "I'm going to the Emerald City of OZ to learn how to play the ukulele". It makes no sense. If you are passionate about real estate you DO real estate ( but not in Toronto, the market is too expensive) you do real estate in your home town or someplace where it makes sense. I think you are actually playing a very poor joke on us. Tell us this is actually a very bad joke, please! (at 19 saying someone is making you go to Toronto is absurd)
BEST ADVICE EVER!!!!!! COULD NOT AGREE MORE!
- Member since 2022 · 48 posts · 7 votes4y
Brother, your are absolutely right. The market in Toronto is too expensive to invest. But you don’t know my background. I am from india and moving to canada as a immigrant . I applied in many colleges in canada but none of them send me the Offerletter. However, only one collage accepted my application and that is canadore collage in Brampton ( near Toronto) . So my future plan is after completing my two year course in business i will definitely move to another city with favorable market to invest.
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Ryan Copeland:
@Jagnoor Gill you should do both. Reading about REI will help you to become more knowledgeable and be able to ask better questions to investors. Continue to read, listen to audiobooks & podcasts and network with others who are in REI.
- Rental Property Investor · Chicago, IL · Member since 2019 · 109 posts · 443 votes4y
First and foremost... College is a bit of a JOKE, especially if your goal is RE investing as a career. True that I want my Dr to have a degree, or my nurse, but if your degree is going to be in any field that ends in ..OLOGY then its a waste (I have a degree in SOCIOLOGY that I have never used for anything)
If your degree is going to be in BUSINESS then I would suggest WORKING in a business or even owning a business.. do the math: Average college degree takes 5 years and is a $400k swing the wrong way (cost of college plus lost revenue while you attend college)...if you buy a business it will cost less, you will learn more and be more valuable... I hire people for a living and if I have the choice to hire a 23 year old with an MBA who has never held down a real job but learned a ton, or a 23 year old former franchise owner of a Little Caesars I would choose the franchise owner in a heartbeat... plus the franchise costs FAR less than the degree, provided income and had equity for him to sell when he was done
If your hope in life is to get a corporate job, work 60 hours a week and have ZERO control over anything EVER then for sure go get a degree in something fairly useless...if your goal is to have 100% control of your life and future and want to work when you WANT to work and wake up daily and do what you WANT to do not what you HAVE to do then I would suggest seriously considering a PIVOT in your life.
Real Estate is a DOERS game... you learn by researching, listening, asking and most importantly DOING Real Estate. At 19 there are people who already own properties, work in real estate and a few that are extremely wealthy...all got to where they are by DOING not by dreaming.
If you insist on wasting the next 2-3 years of your life then have a blast...if you want a clear answer to your question then here it is: Read one book per week, alternate between Real Estate, General business, and investing; listen to a podcast a day about real estate and financial freedom and investing... then when you have very specific questions ask them on BP posts and connect with people that way...dont just start by trying to "get a coach" in Real Estate
Good luck, hope you start DOING because that is what will set you apart
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Matt Lyons:
First and foremost... College is a bit of a JOKE, especially if your goal is RE investing as a career. True that I want my Dr to have a degree, or my nurse, but if your degree is going to be in any field that ends in ..OLOGY then its a waste (I have a degree in SOCIOLOGY that I have never used for anything)
If your degree is going to be in BUSINESS then I would suggest WORKING in a business or even owning a business.. do the math: Average college degree takes 5 years and is a $400k swing the wrong way (cost of college plus lost revenue while you attend college)...if you buy a business it will cost less, you will learn more and be more valuable... I hire people for a living and if I have the choice to hire a 23 year old with an MBA who has never held down a real job but learned a ton, or a 23 year old former franchise owner of a Little Caesars I would choose the franchise owner in a heartbeat... plus the franchise costs FAR less than the degree, provided income and had equity for him to sell when he was done
If your hope in life is to get a corporate job, work 60 hours a week and have ZERO control over anything EVER then for sure go get a degree in something fairly useless...if your goal is to have 100% control of your life and future and want to work when you WANT to work and wake up daily and do what you WANT to do not what you HAVE to do then I would suggest seriously considering a PIVOT in your life.
Real Estate is a DOERS game... you learn by researching, listening, asking and most importantly DOING Real Estate. At 19 there are people who already own properties, work in real estate and a few that are extremely wealthy...all got to where they are by DOING not by dreaming.
If you insist on wasting the next 2-3 years of your life then have a blast...if you want a clear answer to your question then here it is: Read one book per week, alternate between Real Estate, General business, and investing; listen to a podcast a day about real estate and financial freedom and investing... then when you have very specific questions ask them on BP posts and connect with people that way...dont just start by trying to "get a coach" in Real Estate
Good luck, hope you start DOING because that is what will set you apart
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes4y
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
You've already got the wrong mindset.
"I want to invest in real estate, but I'm doing (insert excuse here) and can't start for 2-3 years."
You plan to live in some type of structure, correct? It's going to cost you money, correct? So figure out how to take control of a property and pay yourself instead of some other Landlord!
Do you have a relative, friend, former boss, or some other trusted acquaintance interested in real estate with a little cash saved up? Can they partner with you to purchase a four-plex? You live in one unit, rent the other three out, manage it yourself, and split the profits with your partner. Find an owner interested in seller financing to help a young guy get started (listen to Podcast 554). There are other ideas.
Stop thinking of reasons why you can't and start asking, "How do I...?"
The DIY Landlord Book4.7247 Reviews - Member since 2022 · 48 posts · 7 votes4y
You are right!. I don’t want to waste my 2-3 years in degree . I have already told you i am from india. In india, the real estate market is very bad that’s why i am moving to canada to pursue my dream of real estate investing . And study visa is most affordable way to move to canada . And i am not doing 3-4 years degree . My course is just 16 months after that i will apply for work permit and from that time i will get into real estate. Doing 16 month course is just a way to reach canada . It’s just a road ( or step) to reach canada not my destination.
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Nathan Gesner:
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
You've already got the wrong mindset.
"I want to invest in real estate, but I'm doing (insert excuse here) and can't start for 2-3 years."
You plan to live in some type of structure, correct? It's going to cost you money, correct? So figure out how to take control of a property and pay yourself instead of some other Landlord!
Do you have a relative, friend, former boss, or some other trusted acquaintance interested in real estate with a little cash saved up? Can they partner with you to purchase a four-plex? You live in one unit, rent the other three out, manage it yourself, and split the profits with your partner. Find an owner interested in seller financing to help a young guy get started (listen to Podcast 554). There are other ideas.
Stop thinking of reasons why you can't and start asking, "How do I...?"
- Member since 2022 · 48 posts · 7 votes4y
Sir, you are absolutely right. But, the situation is like this. I am from india where real estate market is very bad (over valued) . So, i want to move to canada. And the most affordable way to reach canada is study visa. So doing 16 month business course in canada is just a way to reach canada and don’t want to do this course but i think if i want to go to canada this is the affordable way to reach their. This is just my first step to pursue my dream .
- 4yJoe VilleneuvePro MemberPlymouth, MI · Member since 2013 · 13k+ posts · 19k+ votesCollege is important, not because of the subject you learn (although that plays a role). What you learn in college goes far beyond that. The most important thing you learn in college, actually in school in general (any and every level) is "How to Learn". Every year of school you advance teaches you more advanced ways of learning.
Quote from @Jagnoor Gill:
You are right!. I don’t want to waste my 2-3 years in degree . I have already told you i am from india. In india, the real estate market is very bad that’s why i am moving to canada to pursue my dream of real estate investing . And study visa is most affordable way to move to canada . And i am not doing 3-4 years degree . My course is just 16 months after that i will apply for work permit and from that time i will get into real estate. Doing 16 month course is just a way to reach canada . It’s just a road ( or step) to reach canada not my destination.
If you think I'm wrong, and didn't go to college because you thought it was a waste, you're right...you would have wasted your time.
If you think I'm wrong, but did go to college, then you are also right...it was a waste of time. - Member since 2022 · 48 posts · 7 votes4y
Quote from @Nathan Gesner:
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
You've already got the wrong mindset.
"I want to invest in real estate, but I'm doing (insert excuse here) and can't start for 2-3 years."
You plan to live in some type of structure, correct? It's going to cost you money, correct? So figure out how to take control of a property and pay yourself instead of some other Landlord!
Do you have a relative, friend, former boss, or some other trusted acquaintance interested in real estate with a little cash saved up? Can they partner with you to purchase a four-plex? You live in one unit, rent the other three out, manage it yourself, and split the profits with your partner. Find an owner interested in seller financing to help a young guy get started (listen to Podcast 554). There are other ideas.
Stop thinking of reasons why you can't and start asking, "How do I...?"
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Nathan Gesner:
Quote from @Jagnoor Gill:
I am 19 years old and very passionate about real estate. I am going to canada (toronto) for my further education in business. So i am unable to purchase any property for next 2-3 years . So, what should i do till next 3 years to keep me engaged with real estate . Should i read books, meet with local investor to gain my knowledge …?
You've already got the wrong mindset.
"I want to invest in real estate, but I'm doing (insert excuse here) and can't start for 2-3 years."
You plan to live in some type of structure, correct? It's going to cost you money, correct? So figure out how to take control of a property and pay yourself instead of some other Landlord!
Do you have a relative, friend, former boss, or some other trusted acquaintance interested in real estate with a little cash saved up? Can they partner with you to purchase a four-plex? You live in one unit, rent the other three out, manage it yourself, and split the profits with your partner. Find an owner interested in seller financing to help a young guy get started (listen to Podcast 554). There are other ideas.
Stop thinking of reasons why you can't and start asking, "How do I...?"
- Member since 2022 · 48 posts · 7 votes4y
Ohh, i got it after reading it 3-4 times 😅😅. Your advice is amazing. And thats true to find ways to how to do that rather than find silly reasons to give up. I read this principle in rich dad poor dad but first time i saw a person who thinks like that. Thank you sir . Your advice is wonderful. Actually, my relatives are in canada and they are real estate investors . They own properties in Calgary and in Brampton as well. I am going to discuss this ideas with them . Again, thank you for that amazing WORDS….
- Member since 2022 · 48 posts · 7 votes4y
Quote from @Joe Villeneuve:
College is important, not because of the subject you learn (although that plays a role). What you learn in college goes far beyond that. The most important thing you learn in college, actually in school in general (any and every level) is "How to Learn". Every year of school you advance teaches you more advanced ways of learning.Quote from @Jagnoor Gill:
You are right!. I don’t want to waste my 2-3 years in degree . I have already told you i am from india. In india, the real estate market is very bad that’s why i am moving to canada to pursue my dream of real estate investing . And study visa is most affordable way to move to canada . And i am not doing 3-4 years degree . My course is just 16 months after that i will apply for work permit and from that time i will get into real estate. Doing 16 month course is just a way to reach canada . It’s just a road ( or step) to reach canada not my destination.
If you think I'm wrong, and didn't go to college because you thought it was a waste, you're right...you would have wasted your time.
If you think I'm wrong, but did go to college, then you are also right...it was a waste of time.
Join the conversationCreate a free account to reply, vote on answers and follow this thread.