How to Learn Rental Properties?

Question

I'm only 19 years old and been very interested in investing into properties for a while now. Im still trying to learn everything I can about it before I purchase my first property. I've been watching hundreds of YouTube videos to try and teach myself but I feel likes there's none out there that gets into the deep deep details of buying them. I'm desperately looking for a mentor to teach me hands on, but my luck hasn't been the best. I have the option to do a year or two of college, but I feel like that won't teach me enough and will take too long. Now, I'm looking for a good and detailed online course that teaches me everything I need to know. The BRRRR interests me a lot. What have you done to learn everything you can?

Grace Wang · Answer

@Julia Williams Which market are you in? Or hoping to invest in? If you are absolutely set on the BRRRR strategy, you might consider finding some established local REI meetups and begin meeting with other investors. If there isn't a meetup already, start one. And when you find someone you look up to, be ready to fill a void they might have in their business and don't just take take take. Maybe you're an awesome cold caller or sales person...or maybe you kill it on social media. Whatever it might be, make sure you're able to provide as much value as you hope to receive.

on the other hand if you're open to other strategies, look into house hacking. Read Scott Trench's book "set for life" or Craig Curelop's "The house hacking strategy". Depending on your risk tolerance, your financial and living situation, either the BRRRR or the house hacking strategy might be a better fit. hope this helps and I'd be happy to answer any other questions

David Parathundil · Answer

I would say listen to the podcast, read books, and just talk about investing with knowledgeable people. Look for any REI meetups. I never ended up finding a mentor myself, I am a new real estate investor but I can teach you hands on if you live in South Florida or Central Florida. I am in the process of a deal rn so you can watch how it goes