New to Real Estate · Whittier, CA · Member since 2020 · 33 posts · 17 votes
I am a recent college grad and decided that real estate is what I am passionate about. Looking to gain experience in flipping and/or property management. If you or someone you know is active in these areas I would love to connect! I am eager to learn and want to help you in any way you see fit!
Investor · Jackson, MS · Member since 2021 · 657 posts · 559 votes
3y
Congratulations on the college graduation . . . . . curious as to your passion with real estate.
What is it that makes you passionate about it? Do you have experience in remodeling properties that you found invigorating? Do you have family members in the trades? Do you see it as a way to make money based on Internet posts, courses and claims?
Being able to HONESTLY answer the question as to why you feel passionate about the business will help you determine what assistance you are looking for and what you can expect.
If you have not done do, start by looking up your local REIG(s) and meet some local investors . . . they may be open to answering questions and seeing what you can bring to the table. Do you have money that you can bring to a deal and joint-venture with another flipper with experience?
Property management is an area that requires a well-founded skill set that includes understanding property maintenance issues and who to call, tenant screening, rent collection, etc. Even companies that have been in business for a while fail when they can't handle issues that arise.
Not trying to be a Debbie Downer but being passionate for the wrong reason is never the right reason to get into something. As those that have been in this for a while, there is money to be made but just as easily, money to be lost and many of us had made expensive lessons to get where we are. Define what aspect of the business you want to be in, what skills you bring to help make sure you are successful and find people that can mentor you but narrow down your focus to start with.