I just turned 18 and I do not know where to start

Buying & Selling Real Estate
6yFollow

I just turned 18 and I do not know where to start

Giovanni Moreno
Member since 2020 · 1 post · 0 votes

I have been wanting to get into Real Estate for a while now, but I just now started to learn the basics. I plan on going to college and take Real Estate courses, but I am not sure if I should take them or not. With this whole crisis going on, I was wondering if now is the correct time to get into this business or not. I have some money saved up and I simply do not know where to go from here, thank you.

0Reply
15 views

Most Popular Reply

Will FraserPro Member
Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
6y

Hi @Giovanni Moreno, welcome to the world of real estate investing :) 

If I was to go back to 18 and start fresh these are the first three books I would read:

  1. - Rich Dad Poor Dad
  2. - The Millionaire Real Estate Investor 
  3. - The Richest Man in Babylon

Then, after getting started with a rental or five, I'd read the following:

  1. - The ABCs of Real Estate Investing
  2. - Buy, Rehab, Rent, Refinance

Start with a solid foundation and a growth-mindeset and you'll have an unstoppable future!

2Reply
See this reply in the discussion

5 Replies

Jump to latestLatest
  • Will FraserPro Member
    Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
    6y

    Hi @Giovanni Moreno, welcome to the world of real estate investing :) 

    If I was to go back to 18 and start fresh these are the first three books I would read:

    1. - Rich Dad Poor Dad
    2. - The Millionaire Real Estate Investor 
    3. - The Richest Man in Babylon

    Then, after getting started with a rental or five, I'd read the following:

    1. - The ABCs of Real Estate Investing
    2. - Buy, Rehab, Rent, Refinance

    Start with a solid foundation and a growth-mindeset and you'll have an unstoppable future!

    2Reply
  • Damaso Bautista
    Rental Property Investor · Hawthorne, CA · Member since 2018 · 655 posts · 900 votes
    6y

    @Giovanni Moreno

    1. Get a great paying job ( college education in a high paying field)

    2. Save as much money as possible (live well below your means)

    3. Build you credit up (always pay all of your bills on time)

    4. Educate yourself (the reading list above)

    5. Start investing

    1Reply
  • Gregory SchwartzBusiness Member
    Rental Property Investor · College Station, TX · Member since 2016 · 1k+ posts · 1k+ votes
    6y

    @Giovanni Moreno dude you're in the right place. Read "Set for Life" then "The House Hacking Strategy". If I were just starting out I'd find a landlord with a few rentals in my college town and volunteer to mow his lawns or do general maintenance for him. I don't know any landlord who would turn down a young man who'd be willing to paint an apartment for $10 per hour. And then after you've provided that value start to pick his or her brain about their business. 

    From there you can start to look at house hacking, flips, wholesaling, or any of the 1 million other strategies in real estate. 

    [email protected]443-812-0357
    Schwartz Realty Group5116 Reviews
    WebsiteView Page
    1Reply
  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    6y

    Go through the BP podcasts and look in the descriptions for all of the episodes with people 18-25. You will get a TON of value out of those episodes. There's no reason to listen to ones on apartment syndication when you are just trying to understand how someone does it at a young age. As @Will Fraser gave you some good book recs, I would second The Richest Man in Babylon as a non-real estate book. Every 18-year-old should read it. The most important thing is to be patient. Go to REI meetups in your area and meet other investors. After you go a lot and develop some rapport, a local investor may need a bird dog while you are in college. It's a great way to learn.

    [email protected]Podcast Guest on Show #667
    Zen and the Art of Real Estate Investing59 Reviews
    WebsiteView Page
    1Reply
  • Dan SheeksPro Member
    Rental Property Investor · Denver, CO · Member since 2016 · 621 posts · 362 votes
    6y

    Hi @Giovanni Moreno

    Congrats to you for your ambition! I am willing to help you out with some advice or even chat on the phone if you wish. But 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. Best of luck and hope to chat soon!
    https://www.biggerpockets.com/...

    [email protected]Podcast Guest on Show #179
    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free