im 16 and i wanna learn more about this business, it really inspires me like i wanna do it, so i joined here to learn more about it so in the future it will be easy for me. so what should i learn first? or master, so in the future i have knowledge.
and what can i do now that could help me in the future about house flippings and rentals?
and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key.
im 16 and i wanna learn more about this business, it really inspires me like i wanna do it, so i joined here to learn more about it so in the future it will be easy for me. so what should i learn first? or master, so in the future i have knowledge.
and what can i do now that could help me in the future about house flippings and rentals?
and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key.
Hey Sumarde, great to see you getting started on here and in your investing journey so young! You are ahead of the game.
I would recommend making use of all the free resources available through BiggerPockets and the internet. Podcasts have been a huge resource for me. Youtube is also a great resource. See what sparks your interest and follow it.
You can also start by being a "bird dog" and finding off market deals. This is as simple as going through neighborhoods and finding distressed properties, and learning how to make them offers. Research wholesaling for more on that.
No matter what way you choose to get started, if you are consistent and dedicate time regularly, you will be set up for success for years to come. Congrats on finding this opportunity so early.
1. Shadow/mentor a person doing it. Even work for them for years, yes years. You can learn so much and get paid while doing it by working with someone who is doing what you want to do. 2. Second thing would be to work with a contractor, this is great stuff to do since you know building a house, building material costs, and knowledge of right and wrong what to do.
I started and did it differently. If I could go back that is what I would do.. I worked as a firefighter so I got the building construction from that background and then the transaction and numbers I got with working within/alongside investors that were in the business doing the stuff I wanted to do. That got me to learn contractors, negotiation, and how to analysis deals too.