Do I Have The Potential For Real Estate?

Question

Hi everyone excuse my ignorance I’m new here, I need some advice regarding the topic.

So I’ve recently come upon some videos of big pockets on YouTube and it got me wondering if I have what it takes to get into real estate too.

First and foremost I gotta admit that I honestly don’t know shit about real estate, I’m 23 living at my parents house, I have about 60k dollars in my bank account and I make about 2.5k a month working in customer service and I have no expenses.

Let’s say that theoretically I’ve gathered myself the necessary discipline and education to get into real estate, how do I even know if I have the potential at all. How much money do I need to start with and what steps should I follow to get started?

Seth Hochberg · Answer

Do you have the potential? Of course! Keep educating yourself and asking questions. I'm guessing there's a very large portion of BP who got interested in real estate, educated themselves, but in the end, never made the jump. I'm new as well, but I want this SO badly, and I know myself well enough to know that I'm going to make it work.

If you have the attitude, "Can I do this?" that's the equivalent of going into the pool with one foot in and one foot on land. If you are not confident you can make this happen, you will 100% find a reason it doesn't work out. A lot of people say Brandon Turner (host of the podcast) is too "cheerleading". Too "high spirits". But he has a point! If you are not 100% sure in yourself that you'll make it happen, that will become your reality.

However, if you're just testing the waters, it's appropriate to be hesitant! Do some research, but if/when you decide to make it happen, abolish that mindset and convince yourself you're 100% going to make it happen.

Good luck.

David Richter · Answer

Hi @Oscar Atlas,Find someone to learn from for free and if you like doing real estate for free and learning you should jump into it and make money from it.