First Deal Success 3 yrs in the making!

First Deal Success 3 yrs in the making!

Real Estate Agent · Atlanta, GA · Member since 2013 · 46 posts · 34 votes

HI Bigger Pockets friends,

My name is Jordan, I'm a 16 yr old Real Estate investor. I joined bigger pockets a couple years ago but my journey in real estate began about 3 years ago. When I first started at 13 years old I read lots of real estate and general business books and went to a reia meeting and found a mentor (who is still my mentor). I attended a few classes and tried to begin my career on my own. After swinging for the fences for 2 years trying to wholesale despite the obvious handicap of my age I realized I would need to change my approach. I found another investor in my market who was just starting out and we decided to put our forces together. He had more capital, credit, and the age (credibility), that I lacked. And I had 2 yrs worth of industry knowledge. Fast forward about 10 months and several marketing campaigns later we've closed our first wholesale deal that netted $8k! I received a lot of understandable and sound advice from experts urging me to wait to begin my career, but I found a way, and so should you!

With one deal under my belt I am by no means and expert, but here is my "word to the wise" to everyone else just getting started.

1) Know what you're getting yourself into, active RE investing with no cash or credit is not nearly as easy as many gurus may lead you to believe.

2) If you're like me and want to get into wholesaling before progressing into rehabbing, sure it's good to take that time to learn to evaluate repairs and ARVs ect, but depending on your situation, it may behoove of you to invest some time in early on planning on how you're going to secure funding. Skip the wholesaling phase if you can, the market is saturated enough with wholesalers.

The support I've received from my friends here at BP has been instrumental in this journey for me and going forward I hope to increase my contributions and add to the community.

What's next for Jordan: "The world chico, and everything in it." #NameThatReference

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Investor · Glendale, AZ · Member since 2015 · 113 posts · 47 votes
11y

Hi Jordan,

Congrats! I love hearing stories like this, I admire your persistence! I started in Real Estate at 13 too and my favorite Bible verse that helped me get through some of the constant "Advice" about me being too young etc was 1 Timothy 4:12 "Don't let anyone look down on you because you are young, but set an example for the believers in speech, in conduct, in love, in faith and in purity." (NIV)

-John

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  • Investor · Arlington, TX · Member since 2015 · 104 posts · 47 votes
    11y

    Congratulations!  I'm sure I've passed by many millions of dollars by waiting so long - I'm glad you are starting young.  My nephew is 12 and is now very interested in real estate investing.  He's studying right along with his dad & I and we're taking him with us often to look at properties.  He's starting to develop a good eye!  

  • Real Estate Agent · Atlanta, GA · Member since 2013 · 46 posts · 34 votes
    11y

    That's great to hear I hope he stays interested! @Bill Tyler

  • Sugar Land, TX · Member since 2015 · 6 posts · 2 votes
    11y

    Dude that's awesome man! Cant believe you're only 16 too!!

  • Real Estate Agent · Kissimmee, FL · Member since 2014 · 32 posts · 21 votes
    11y

    Hi Jordan, 

    I just saw your article and wanted to congratulate you on your success. To some, 8K may not seem like much, but you're "moving forward" and any step ahead is better than "marking time." Good luck to you in the future!

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Way to go @Jordan Robinson !

  • Residential Real Estate Broker · Chicago, IL · Member since 2014 · 155 posts · 42 votes
    11y

    Congrats buddy!  Great article!

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