Hey everyone! I'd like to to introduce myself to the forums. I am a 19 year old currently in my third year of college. I found biggerpockets the summer of 2020 and I have been in love with it ever since. I've been doing all I can the past 6 months to learn about real estate investing through reading books, listening to podcasts, and reading some articles on the site. At this point I'm starting to look for my first deal. I'd love to connect with anyone nearby on what works for them and what doesn't. Thank you!
Investor · Waco TX / Conroe, TX · Member since 2017 · 376 posts · 228 votes
5y
House hacking is cool but make sure your financing is lined up.
I would take a guess and say that banks aren't your friend right now given your age and possible lack of sufficient w2 income.
You could try to get your parents to co-sign or try to look for creative opportunities off market, but thats another story,
I think you should continue to focus on education and getting your financing in position. Go talk with a lender and see what you need to do in order to get approved for a loan later on down the line.
Hey everyone! I'd like to to introduce myself to the forums. I am a 19 year old currently in my third year of college. I found biggerpockets the summer of 2020 and I have been in love with it ever since. I've been doing all I can the past 6 months to learn about real estate investing through reading books, listening to podcasts, and reading some articles on the site. At this point I'm starting to look for my first deal. I'd love to connect with anyone nearby on what works for them and what doesn't. Thank you!
Good on you having an investor mindset so early. You're in the right place.
Learn and save. Prioritize your spending to focus on things that matter. Read Rich Dad Poor Dad and listen to some Dave Ramsey to stay out of consumer debt.
House hacking is cool but make sure your financing is lined up.
I would take a guess and say that banks aren't your friend right now given your age and possible lack of sufficient w2 income.
You could try to get your parents to co-sign or try to look for creative opportunities off market, but thats another story,
I think you should continue to focus on education and getting your financing in position. Go talk with a lender and see what you need to do in order to get approved for a loan later on down the line.
Best of luck to ya!
-BA
Yes you are correct in assuming so. My plan as of right now is to try and co-sign on a property with my parents to learn a bit while saving money and finishing school. After a couple years at a w2 job I'll be in a better place for financing and that'll be when I try to acquire some more properties. I've been learning a lot about the BRRRR but my biggest concern is the refinancing part. Thank you for the advice!
Hey everyone! I'd like to to introduce myself to the forums. I am a 19 year old currently in my third year of college. I found biggerpockets the summer of 2020 and I have been in love with it ever since. I've been doing all I can the past 6 months to learn about real estate investing through reading books, listening to podcasts, and reading some articles on the site. At this point I'm starting to look for my first deal. I'd love to connect with anyone nearby on what works for them and what doesn't. Thank you!
Good on you having an investor mindset so early. You're in the right place.
Learn and save. Prioritize your spending to focus on things that matter. Read Rich Dad Poor Dad and listen to some Dave Ramsey to stay out of consumer debt.
Glad to have you!
Hey Steve! Rich dad poor dad was where I started this whole journey actually, just like most of the members at biggerpockets I’m sure. Thanks a lot!
Investor · California/Washington · Member since 2020 · 14 posts · 5 votes
5y
Way to go Nick! You have the right mindset at such a young age. Stick with the learning. Offer to volunteer your time on a rehab or deal finding or something with a seasoned investor in the area. If your parents are willing to help you with your first deal that is icing on the cake at this point. Save, focus and keep learning. You got this!