Rental Property Investor · Harker Heights, TX · Member since 2018 · 212 posts · 182 votes
8y
Justin C. - Good morning and welcome to the group!
Start with education - BP has tons of it. The podcast, videos, forums, and blogs are all free. The BP books are excellent as well.
Network - Both through this site in the forums but also in person. Through BP you can find a local meet-up. Attend, meet people in the business, and learn from their experiences. Use these venues to ask questions about what you’re learning.
Narrow your focus - If you plan to invest identify where you would like to start. What markets (states, regions, cities, etc)? What types of properties (single family, small multi-family, mobile homes, condos, etc)? What investing methods (buy & hold, turn-key, BRRR, flipping, etc)?
As you learn more you’ll easily be able to narrow your focus. You’ll also start learning the math and how to run the numbers. It will all start making sense.
At some point you gotta get off the bench and get in the game. You’ll know when that time is right. You want to avoid getting in before you’re ready (and possibly losing money) but at the same time you don’t want to wait and wait and wait.
Your age is a huge benefit. By starting younger you can exponentially increase your portfolio of real estate holdings.
Hope this helps - welcome and again and please feel free to ask any questions.
Rental Property Investor · Glen Rock, NJ · Member since 2015 · 3k+ posts · 2k+ votes
8y
@Justin C. I second what @Allan Bishop Jr. said: educate yourself, network, focus by narrowing down to a single niche and then take action by starting to invest. Join local REI groups - you can find them here on BP or via Meetup site.
Specialist · Clearwater, FL · Member since 2018 · 69 posts · 33 votes
8y
@Justin C. Your looking in the right place! Im 21 years old and BP podcasts and forums are an excelent source of knowledge! Me and my partners started wholesaling within the last year, and have put 13 properties under contract in the last 2 weeks. Knowledge is power my friend! I am not familiar with the markets in NYC but i suggest working on your network while educating yourself. Your network = your net worth!