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Updated over 2 years ago on . Most recent reply

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6
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Fabian Weldon
  • Rental Property Investor
  • London, England
2
Votes |
6
Posts

Advice for 19 year old

Fabian Weldon
  • Rental Property Investor
  • London, England
Posted

I am an aspiring property investor looking for advice from seasoned investors wishing to pass on their knowledge.

Most Popular Reply

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94
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96
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Daniel A.
  • Rental Property Investor
  • Victoria TX / Portland, OR
96
Votes |
94
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Daniel A.
  • Rental Property Investor
  • Victoria TX / Portland, OR
Replied

I am by no means a seasoned investor, but I will say this: It seems that your post is as open ended as you can get. Normally, open ended questions are good, however, when you're seeking the advice of a seasoned investor, you want to get into the specifics.  There are just too many different fields for any one particular "seasoned investor" to know what it is that you want to learn. Saying "everything" is great, but there is no way anyone will be able to teach you everything. What do you want to learn about? Multifamily? Single Family? Wholesaling? Commercial? Start with one topic. See who responds and whether their advice sits well with you. Go from there.

Also ask yourself, "What value can I to bring to a seasoned investor in exchange for their time and knowledge?" Work up a plan and present it. Start with one topic rather than all topics. Show them that you are actively taking steps to reach your goals. For example: "Hi, my name is [Daniel], and I'm an aspiring investor in [Houston]. [Multifamily / Single Family / Apartments] have caught my eye as a fantastic investing platform and I plan on starting and building a portfolio. My main concern is that [banks wont take me seriously / I am overlooking some numbers / tenants won't follow the rules]. I'm really eager to learn and have been reading material and listening to audiobooks and podcasts, but I'd love to have a seasoned investor who can hear me out and who can give me some guidance and allay any misconceptions that I may have. If there is anyone in the [Houston] area who feels up to the task, I would value the opportunity to [work through a real estate deal with you]. Since I am new to this, give me the grunt work and watch as my passion guides me to finish the job."

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