Hello everyone! Hope you all are doing well and living your best lives. My name is David Ferrante and I am a first year college student athlete for Northwestern University. I am currently 19 years old and I am really interested in starting BRRRR investing. I just ordered Dave Green's book on the topic.
I was wondering if this strategy is doable as a 19 yr old college student. I am ambitious and driven and will do whatever it takes to be successful even if it meant pitching 1000 investors. I think since I do not have an income currently I would most likely need a co-signer on the refinance part after using a private lender. I have a couple people I know in mind who may be able to do private lending, but I was mostly wondering what the best way I can start out is and if it is doable as a 19 year old student athlete with hustle? Also, where is the best place to find the deals on distressed places? Thank you all for your time and best of luck in your endeavors!
@David Ferrante I was in similiar shoes to you a few years ago. It's doable but helps if you can get some private lending up front for help with closing/rehab or you develop a relationship with a seasoned investor and could partner with them by bringing them a deal and taking a small chunk of equity for some hustle and work. You'd learn a lot through the second method and could develop some great connections.
I went for the route of just developing my network, analyzing properties and learning as much as I could about investing in my free time during college. It helped a ton for after college so I could hit the ground running.
Whichever option you choose I recommend learning as much as possible and analyzing a ton of properties to clearly establish your criteria and know what a good deal looks like. David Greene BRRR book is great if you haven't read it before. Goodluck learning and getting started!
@Benjamin Seibert Thank you for your input. I’m definitely going to focus on learning as much as possible so I can hit the ground running after college too. I may just focus on options derivative trading while in college so I can master that skill while learning about the real estate game. Take care!
Hey @David Ferrante !
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