New to Real Estate · Hinsdale · Member since 2021 · 2 posts · 2 votes
Im 21, my dream job rn is to be able to make a living off rental properties and potentially flipping houses, I have been doing research and I would like to invest as soon as possible
Go to meetups in your area and find an experienced investor that will allow you to shadow them so you can see how the real life of an investor is. HGTV is not reality. Go get your license as an agent but while you are learning and meeting people, read and watch as many videos about how to analyze deals and estimate repairs. These skills will help you to find deals worth going after both for yourself and for clients. It's awesome you are wanting to get in at young age. Keep focused and think of this as a long game, not a sprint. Take your time but don't sit around waiting to get the money or find a deal. Educate, educate while you are saving money or trying to locate a deal.
Real Estate has so many avenues to make money. You are young, explore different interests until you find what you like then become an expert in that field.
Get your real estate license and watch investors fail and succeed. Take notes. Don't do what the failures did. And don't be in a hurry for anything. You're acting impatient.
You're in the right place. If you have any specific questions about real estate investing definitely reach out to the community. Otherwise there's plenty of content on BiggerPockets to learn from. House hacking may be the way to go to get you started.
There is a plethora of knowledge in these forums. Additionally, there are a ton of people grinding in some facebook groups. Others have suggested going to meetups. Might be good to partner on your first deal with someone. Perhaps you bring a chunk of the down payment to the table as the value add and they go through the process with you.
@Evan Knapp start attending meetups, connect with people, and continue learning through books, podcasts, and these forums. If you are set on flipping houses then you may want to find a quality flipper in your area and work for him so you can learn what the process of flipping homes is like. That will be the safest option. Or, source some creative financing and just get started and learn from your own mistakes. The best thing you can do is create a list of actionable next steps and get started. good luck!
Save Your Money!!!! Seriously, I wish someone had kicked me in the face until I understood how important this is. Set goals, be smart about your spending and buy appreciating assets when possible. There is a ton of free information on this site that is worth way more than the stuff you could otherwise buy. Dive in & best of luck.