I’m under 18, what can I do to prepare for my first deal?

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  • Rental Property Investor · Surprise, AZ · Member since 2020 · 405 posts · 179 votes
    5y

    @Sergio Segura-Brito

    My biggest suggestion for you would be to start listening to podcasts and reading recommended books.

    After you get some more knowledge on the subject you will want to find your funding so you know that you will be able to move forward on a deal. You can do this by going to any bank.

    Once you get a pre approval from the bank you can get in touch with a local realtor in the market you want to invest in and start the house hunt.

    Hope this helps!

  • Ladson, SC · Member since 2017 · 53 posts · 22 votes
    5y

    @Sergio Segura-Brito

    Congrats on starting at such a young age and finding such a powerful resource in Bigger Pockets! My advice would be starting off with the basics to build a proper foundation. Start with education by listening to the podcast. Go to the library and read a book on real estate (a popular choice is Rich Dad Poor Dad by Robert Kiyosaki). An alternative option if you're looking to go faster is find a local real estate meetup and start to network around. 

    You can skip the education faze of this if you want to go chasing deals immediately (many have succeeded but equal if not more have failed). If you do start out wanting to find deals, I recommend at least having the REIA to go to and get feedback on these. Give episode 386 a listen and then determine your path!

  • Immokalee, FL · Member since 2020 · 13 posts · 1 vote
    5y

    @Cody Neumann

    Thank you for taking your time to respond, I greatly appreciate it.

  • Immokalee, FL · Member since 2020 · 13 posts · 1 vote
    5y

    @Jonah Kolsrud

    Thank you for giving my advice will take it in consideration.

  • Dan SheeksPro Member
    Rental Property Investor · Denver, CO · Member since 2016 · 621 posts · 362 votes
    5y

    Hey @Sergio Segura-Brito

    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/...

  • Immokalee, FL · Member since 2020 · 13 posts · 1 vote
    5y

    @Dan Sheeks

    I’ll like to say that I’m grateful for you to accommodate me and will check the link out.

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