Any advise for an aspiring 19yr old
Hello! I love in the suburbs of Chicago and go to a university nearby. I still live at home as of right now. I have been working in a local bank for the past 3 or so years in the commercial lending department to get an understanding of financial analysis and gain knowledge from current investors. Last summer I interned for a commercial real estate aquisistion, management, and development firm in the city of Chicago. I learned a lot of about seeking out potential properties and financial analysis. I also learned how to use costar as I used it on a daily basis. I recently just passed my real estate broker exam and are seeking a sponsoring broker. I am writing on this page to see what you guys think I should do next. I currently have an internship for this upcoming summer with two private investors. What do you guys recommend I do to help further my knowledge and/or path of being a real estate investor.
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@Gino Cerrone congratulations on really getting after it! You have a really cool skill set since you have spent time on platforms like costar, where many of the investors on here have never even looked at that platform once. Do you want to do commercial investing? Small residential?
You pretty much can't go wrong doing a house hack when the time is right, so I would try to make that a part of your journey early on here before life gets in the way (family, kids, obligations, etc).
I would also think through what kind of brokerage you want to do. If you want to do residential, that is a very different area than commercial for instance. Commercial could actually be really interesting for you as you could join one of the established shops to get on a team and start earning right away.