Updated over 5 years ago on . Most recent reply
Complete Beginner | How To Set Myself Up For Success
Hello all. I am completely new to the idea of real estate investing and investing in general. I read the infamous book Rich Dad Poor Dad and ever since, I have had this burning passion for personal finance and setting myself up to become financially independent at a young age. I just turned 20 years old a few weeks ago and I am still attending college. However, I have recently been browsing YouTube and have found multiple channels that discuss investing and specifically real estate investing. After watching numerous videos, I have been wanting to educate myself on real estate so I have been told to check out the BiggerPockets website, along with the podcasts, so here I am.
I am making this post to ask what I should do at my age in order to put myself in the best position to run a successful real estate business in the future. However, as I mentioned earlier, I am only 20 years old, I am still enrolled in college, I am currently unemployed, and I don't have much savings in the bank. I just want to know what I should do in this situation to set myself up for real estate investing success so that once I am out of college with a well paying job, I can get into real estate investing ASAP. I don't want to wait until I have the money or until I am out of college to begin learning about real estate. I want to learn now so that once I am in a decent financial spot, I can start right away without wasting too much time. I am open to any tips or suggestions for the best way to begin educating myself on real estate. Just a reminder, I am a complete beginner. I mean COMPLETE beginner, to the point where I do not even know all of the basic vocabulary when it comes to real estate investing (terms such as subject to financing, creative financing, hard loans, etc. I do not understand whatsoever).
Hopefully I can get some responses about what I can do right now in order to be able to buy my first property by the time I have some money in the bank and am out of college.