21 year old looking to get into real estate!

3 Replies

Hello Everyone,

I am 21 years old from Philadelphia PA, I am really looking to get involved in real estate. I have done some research but it is very little. I have been invested in Kris Krohn youtube channel as well as a few others, but I really have nothing to go off of. I want some sound advice and people to help introduce me to more information so that I can educate myself and work towards my goals.

Thank you all so much!

Hey Jimik! Welcome to BiggerPockets. I would definitely recommend getting started by reading as many books and learning as much material as you can about investing. If you search book recommendations on the site you'll find a ton (Rich Dad Poor Dad, Millionaire Real Estate Investor, etc...). You can also listen to the podcasts and stay active in the forums. Then I would recommend refining your investing criteria to what will suit your goals (flipping, SFH investing, multifamily, etc...). This will help you narrow your search when it comes to looking for properties. Then possibly reach out to a few people who are active in the type of investing you want to purse. Finally, I would jump in and go after your first property!

Good luck getting started in real estate!

Everything you need to learn is available here and through books. You learn finances, money management, real estate and your state landlord tennat regulations. It should be treated the same as taking a 1-2 year college course.

Real estate investing is not a learn as you go venture. You must take the time to study and learn everything you can in advance before you put everything on the line. Some may have succeeded by jumping in without the full knowledge but if they survived it was likely only through pure luck. This is high risk and hard work with a slow and steady climb to success or sudden failure. Stats will show that the success rate for those in your present position wishing yo get into real estate investing is about 5%. To be one of the 5% you must amass a great deal of knowledge, be prepared to put in long hours and work very hard to succeed. 

Anyone can do it but few actually succeed...good luck.

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