Updated over 3 years ago on . Most recent reply
New To Real Estate investing Bakersfield Market
I'm a fairly new investor and have recently picked up wholesaling. I am 18 and I just graduated High school this summer and I am very eager to dive into real estate and build some funds to buy my first rental property. Any tips? or advice? I am looking for a mentor to take me under their wing and guide me. Thank You
Most Popular Reply
If you are able to live at home for a while, do it, and save as much as you can. When you are ready to move out (assuming you haven't already), look for a multi family that needs some cosmetic work that you can house hack. Use your time to put some sweat equity into the units and force some appreciation.
Try to find a day job that is related to the industry. Or maybe get on a construction crew so you can learn some skills that will help you rehab your own properties while also saving the funds you will need for the down payment, materials, etc
Start now, and by the time your classmates graduate from college, you could be 10+ years ahead of them in terms of net wealth.