New young investor in Sacramento, CA

5 Replies

Hey, I'm a 18 year old college student in Sacramento California looking to get into real estate investing. I am planning on taking the test for my real estate license soon, and I hope to help/learn to flip houses with my dad for the next year or so then do them myself. Due to the fact that my parents will allow me to stay with them as long as I want I hope to flip houses till I have enough money to start buying out of state rental properties, due to the fact that finding cash flowing properties is very difficult here. I have been looking into the Fort Worth/Dallas market, but I have a little while before I can actually apply for a loan because I currently have no income.  

@Erik Kostyuk Congrats on getting started in college and welcome to BP!

Some recommended resources for newcomers:

If you haven’t already listened to the podcasts I’d start there.

Podcasts

Episode 108 - Grant Cardone... Just listen…

Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...

Episode 113Jay Papasan - Very practical slow and steady advice

Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k

Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Amanda Han

Brandon Hall

Tax Reform Update – Brandon Hall and Amanda Han

Linda Weygant

Guides

Ultimate Beginners Guide

Forum Stickies

BP Calculators or spreadsheets uploaded by members

My Favorite Books

I have to say all of the BP books…right? :)

The Millionaire Next Door

The Millionaire Real Estate Investor

What Every Investor Needs to Know About Cash Flow

Hope this information can give you a good start. Feel free to reach out with any questions. 

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