Young investor looking for advice and strategies to scale up quickly

[Calvin Stewart]

Hey BP,

I’m 17, turning 18 in 40 days. I’ve been studying real estate actively for a year now reading books, listening to podcasts, etc. I’m wondering: what is the best way to build wealth within this niche? What strategy is best to start off with?

I’ve heard about house hacking, which seems promising as a first investment. But how can you scale up quickly? Would it be through creative financing or the BRRRR strategy?

Let me know your thoughts, thanks in advance!

[Bob Avery]

I know this is contrary to a lot of the opinions on this forum, but if you consider the common case outcome rather than the best case outcome, you would probably be more successful in real estate if you choose engineering/medicine/law/business as a profession and real estate as a hobby (with tons of disposable income to dump into down payments and banks willing to lend you money) than you would be if you choose real estate agent / property manager as a profession.