*Aspiring, not inspiring... face palm*
Hey everyone! My boyfriend and I are 18 years old and 17 years old and we live in Ohio. We don't have the ability to take out a loan to flip a house since we are so young and we don't have 2 years of job history. We decided we are going to stick to this business and build our future with it, no matter what it takes. Do you have any suggestions on what we should do to be able to attain the finances to do our first flip?
Hey @Kelsey Gabhart
Congrats to you for your ambition! I work with a bunch of young aspiring real estate investors just like you (in a free online group), and I am willing to help you out with some advice or even chat on the phone if you wish. But first I recommend you read this article I wrote for Bigger Pockets titled How to Invest in Real Estate Before Turning 21. Once you've read it, let me know your thoughts and if you have any questions. I am a high school teacher in Colorado and I am always looking to help young people get started in real estate investing or help in any way I can. Let me know if you want to chat sometime. https://www.biggerpockets.com/..
Get a good w2/job with consistent good pay. Build your credit. Save as much money as you can. Dont waste money on dumb stuff. Create good financial habits.
If you dont already have a bank account go start one. Start putting away money in the savings account and contribute to it regularly.
Honest opinion, a flip wouldnt be the best way to try and start off with no prior experience with rei or construction.
Learn more. Theres so many great resources these days about investing. A good book to start with is Rich Dad Poor Dad.