Wilmette, IL · Member since 2020 · 4 posts · 0 votes
Hello! I am a 20 year old who would really like to go into real estate! I'm doing a bunch of research and trying to find out more and more every day. I was wondering if anyone had any advice for someone like me who is beginning into real estate?
Rental Property Investor · Woodbury, MN · Member since 2018 · 299 posts · 299 votes
6y
Education x Action = Results
The first thing I recommend is to take stock of your strengths and weaknesses. Is there anything you can do that utilizes your strengths? That is usually a shorter bridge than working on your weaknesses. In this industry you can likely find somebody who has a strength in your weakness and vice versa.
The next thing I recommend is to set some goals. At 20 I am sure your goals differ than me at 38, married, 2 kids and #3 on the way. In your goals set a timetable one how you plan to get there, lay it out and take it step by step.
Other big things are read and network. You will get to where you want to go fastest by having the knowledge and having the network.
Rental Property Investor · Woodbury, MN · Member since 2018 · 299 posts · 299 votes
6y
Education x Action = Results
The first thing I recommend is to take stock of your strengths and weaknesses. Is there anything you can do that utilizes your strengths? That is usually a shorter bridge than working on your weaknesses. In this industry you can likely find somebody who has a strength in your weakness and vice versa.
The next thing I recommend is to set some goals. At 20 I am sure your goals differ than me at 38, married, 2 kids and #3 on the way. In your goals set a timetable one how you plan to get there, lay it out and take it step by step.
Other big things are read and network. You will get to where you want to go fastest by having the knowledge and having the network.
Rental Property Investor · Escondido, CA · Member since 2018 · 268 posts · 137 votes
6y
@Robert Miciu, do you already have a career you are pursuing? If not, then building on what @Mack Benson said, you could think about your strengths, personality, etc. and look into different careers within the RE industry. You could work towards an RE license, try to get a job in PM, become a loan officer, work in construction, etc. and each of these would start to give you a different perspective and in-roads into different areas of REI while you continued to acquire knowledge.
Crestline, CA · Member since 2018 · 63 posts · 70 votes
6y
Be careful with easy debt like car payments and credit cards that will mess up your debt-to-income ratio for your early RE deals, have tax records of your income, and don't spend your money on luxuries until later in life!