I have a very strong passion for real estate. I understand the idea of financial freedom and the benefits that passive income in the sense of monthly rent have on an individual.
I am foaming at the mouth to get started in some way to launch my real estate career. I like the mentality of “jump first then swim.” I would love to own properties but at this stage in life I don’t have the funds to support that.
What I am basically trying to get to is where is a good starting point for someone my age that is very ambitious? I know that there are many ways to partake in real estate and I need some way to get this thing going.
hey @Jakob Harshman welcome to BP, and congrats to you for being so ambitious and getting ahead of the game so early in your life. i wish i was as ambitious as you were when i was 18!
you've come to the right place. there are MANY podcasts on BP that talks about how to invest in RE with no money down or low money down. I recommend you listen to those podcasts (They are FREE). Brandon Turner has a book on this topic as well.
Having no income does make it more difficult, but not impossible, to invest. Good luck on your journey!
Thanks a lot for the reply! I’ve been listening to their podcast for the last two months now and i absolutely love it. I’m about to go check out that book!
@Jakob Harshman I would also recommend that you read David Greene's book on long distant real estate investing! BRRRR book is good too, but i think he covers most of the important points on his first book anyways.
@Jakob Harshman I would go to all the local networking meetups in your area. Since you are younger, dress well and prepare for each like you are going to a job interview. Get a business card for yourself. Eventually, you will meet local agents, lenders and attorneys who can help you. If you don't have a job, find a decent paying job asap. Make sure you are building credit asap as well. You should be able to buy a property within the year if you hustle, focus and network like crazy. The Midwest is relatively cheap, and you might only need to come up with a few thousand bucks to get in the game.