Hello, I am a 21 year old looking to invest in real estate or just get started in real estate. I do a lot of reading and trying to learn more about it to get started but now sure where exactly to start to get my foot in the door. Any suggestions?
I think the best place to get started is here in the forums, so you are in the right place. Be sure to participate and ask questions and you will be surprised with the amount of knowledge you will be able to obtain.
In regards to getting started in actually investing in RE, I am not sure what your financial situation looks like, but that is important. I don't care what the gurus tell you, you need some type of money, consistent income or access to someone with capital in order to get started. This can be an issue for most people our age, but if you have some conssistent work history and some money saved up, then you might be able to some type of loan from a bank. You don't know until you ask, so get out there and see whats possible.
I would also encourage you to search your local market in the BP search function and reach out to all of the local investors. Tell them who you are, what your are trying to do within RE and see what value you can bring to their business. This is a a great way to build relationships and get experience within the RE investing space.
Feel free to send me a message if you have any other questions.
Hey I am 20 and how I am starting is house hacking(4plex). From there I am going to invest in apartments. It'll just depends on your goals in REI. Biggest thing is take the jump into it, don't be stuck in analysis paralysis.
You said it best "get your foot in the door" Best of luck, you have a great advantage starting so young, and you are definitely in the right place to learn. I wish you the best of luck in all your endeavors.
I would find someone who is where you want to be and offer to work with them for free to see what they are doing and to see if they'd be willing to partner with you on big deals after you provide a ton of value to them. This will give you connections and experience very quickly and the opportunity to get to your goal.
save a couple grand and go buy something :) I bought my first deal with 9k. seller financed the rest. You could bartend or wait tables for 3 months and save 9,000.
Daisia, I just posted on your STR question... Look on FB for a real estate investing group in your city. Attend meetups. Talk and ask questions there, too, so you can connect with people in your area.
House hacking is the way to go. I think its the smartest thing for a 20-somthing to do. If you are really focused on making REI your life and career, go find a real estate related company and work for them to better understand the field. You'll meet people, get to know your market, understand how things work better. A property management company would be great. They'll give you crap jobs to do but the experience will be invaluable for your future. You're 21. Spend a couple years toiling at the bottom of the ladder learning and meeting people. With intention, focus and drive, you will be way ahead of any of your peers in 5 years.