How to start on investing in real estate

Question

Im 22 and I’m interested in investing in real estate but I have no clue where or how to start

Lionel Mosby Jr · Answer

@Stephon Paul you're in a great position! Many of us wish we would have started back in our early 20s. You are doing the right thing. The first two things you need to do are 1) Get Educated & 2) Understand Your Financial Situation. Obviously, you are here on BP so you have already begun the process of education by simply posting on this forum. Keep that same energy! Reach out to people and never be afraid to ask for advice. Some people will help, some won't. Just don't stop learning and pushing forward. Of course, the podcast, forums, articles on here are great tools. You Tube is also another exhaustless source of real estate investing information. There are REI books that you can grab to get to know more details about specific strategies as well. Then get a really good understanding of your financials. The strategy you use will depend much on understanding what you can/can't afford. You have to know your numbers and then learn to start with the deals that will work best for you.

Blessings on your endeavor!

Brad Hammond · Answer

Hey @Stephon Paul, congrats on making the first step which is deciding to invest in real estate.  I think the first few steps would be to research investing as a whole.  Listening to the BP podcasts and reading their books is a good place to start.  From there decide on what type of investing you want to focus on.  Maybe that is buy & hold, short term rentals, house hacking, long-distance investing, etc.

Also, look at where you are at in your life and see what makes sense for you.  Do you have money for a down payment? How much time do you have to devote to this?  What is your unfair advantage?  Everyone has one so figure out or decide what yours is.

Stephon Paul · Answer

thank you all for these great advices they are very helpful and I'll make sure to put in practice

David Richter · Answer

Hi @Stephon Paul,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.

Marlen Weber · Answer

It's great that you have an interest in REI and that you've joined BiggerPockets to learn. Self educate as much as possible by reading books, listening to podcasts, and finding a mentor. Best of luck on your journey. @Stephon Paul

How to start on investing in real estate

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