Hi everyone! 28 and considering my first BRRRR investment, curious when everyone else started their Real Estate investing journey. Thanks for sharing!
I was 25 when I bought my first buy and hold, but it wasn't a BRRRR! Ultimately, age doesn't matter: get started just by doing SOMETHING and you're better off in the long run.
Hi everyone! 28 and considering my first BRRRR investment, curious when everyone else started their Real Estate investing journey. Thanks for sharing!
I was 23 years old when I started investing in Real estate. I was working before that for a man in Real Estate who was flipping houses. One day he questioned me why I was not doing what he was doing. I quickly realized the benefit of real estate and jumped right in. I was a late bloomer in college so I was a sophomore at the time. I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on The Ohio State University campus in Columbus. Over the course of a year, my wife and I fixed it up, rented to friends, ate peanut butter and jelly, and did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.
I have finished the BRR portion, and am in the Refinance portion now, getting documents together for a few lenders to consider. I'm almost 53, and this is my first investment property other than my personal residence.
I had a few bad experiences with real estate in the past, so I had ZERO interest in being an investor until 2020. I didn't know where to find good REI advice until 2020 when I discovered MeetKevin, which led me to BP when Kevin was a guest on the podcast.
You all are off to a great start, running with BP, and getting good advice so young... dadgum whippersnappers... get off my lawn. :) lol